SAN FRANCISCO (Reuters) – It took him 30 years, but Brian Krzanich – the understated, analytical engineer who started his career at an Intel chip factory in New Mexico – quietly worked his way up to the top. Now, the man who once prided himself on halving production times will have to act swiftly to move the company into new areas of growth.
Krzanich will take over as chief executive beginning on May 16 at the annual shareholder meeting, replacing Paul Otellini, who in November unexpectedly announced his plan to retire. Under Otellni, Intel has been sidelined in smartphones and tablets while demand for its PC processors is on the wane.
SAN FRANCISCO/NEW YORK (Reuters) – Intel Corp’s board elected three-decade insider Brian Krzanich as its next chief executive, disappointing some investors looking for aggressive change as the world’s largest chipmaker increasingly finds itself left out of the mobile revolution.
The board also elected software honcho Renée James, 48, to be president of Intel. Her appointment signaled to some that Intel, while likely intending to stick with its formula of intense investment to keep it ahead in the microchip technology game, is willing to explore new growth areas.
SAN FRANCISCO (Reuters) – Global tablet shipments more than doubled in the first quarter and while Apple remained the top seller, Asian manufacturers making low-end gadgets accounted for a major chunk of the growth, according to a report.
Tablet shipments reached 49.2 million units in the January-to-March period, 142.4 percent more than in the same quarter in 2012, market research firm IDC said on Wednesday. Apple’s iPads accounted for 19.5 million units, an increase of 65.3 percent.
SANTA CLARA, California (Reuters) – Qualcomm Inc is stepping up its Snapdragon chip branding campaign, including a commercial for movie theaters and television, in a bid to build customer loyalty in an increasingly competitive smartphone industry.
Chief Marketing Officer Anand Chandrasekher showed analysts a commercial playing in US theaters and said it would also be rolled out in other countries, including China. Qualcomm plans to air it on national TV within the next couple of months.
April 25 (Reuters) – Chip equipment maker KLA-Tencor Corp
reported lower quarterly results and said its outlook
for the rest of the year has weakened due to manufacturers’
concerns about the global economy.
KLA-Tencor’s stock fell nearly 5 percent in extended trade
after Chief Executive Rick Wallace said on a conference call he
was seeing a pause in demand from contract manufacturers and
gave a current quarter revenue estimate that was below
SAN FRANCISCO (Reuters) – Leading cellphone chipmaker Qualcomm raised its full-year revenue forecast as demand for smartphones continues to grow, but its estimate for full-year earnings was shy of expectations and its shares fell sharply.
San Diego-based Qualcomm is benefiting from strong demand for smartphones and a shift by network operators worldwide to a high-speed wireless technology known as long-term evolution (LTE), where the chipmaker is ahead of rivals.
SAN FRANCISCO (Reuters) – Broadcom’s first-quarter results beat expectations and the chipmaker said much of its growth this year would come from selling more components to smartphone makers.
Broadcom’s quarterly earnings report pushed the chipmaker’s shares up after hours as company executives said they expect their baseband chips to appear in upcoming handsets.
SAN FRANCISCO (Reuters) – Chipmaker Broadcom (BRCM.O: Quote, Profile, Research, Stock Buzz) posted first-quarter profit and revenue above expectations and its revenue forecast also topped estimates, despite investors’ worries about slower growth at key customer Apple (AAPL.O: Quote, Profile, Research, Stock Buzz).
Broadcom, whose chips are used in products ranging from television set-top boxes to Apple’s iPhone, posted first-quarter revenue of $2.01 billion, up 9.7 percent from the year-earlier period.
April 22 (Reuters) – Texas Instruments Inc posted
first-quarter results slightly ahead of Wall Street expectations
and it forecast growth for the current quarter on improving
demand for its chips.
Following weak demand last year due to concerns about the
global economy, orders for Texas Instruments’ chips have picked
up, although manufacturing customers remain cautious, Chief
Financial Officer Kevin March told Reuters in a telephone
(Reuters) – Advanced Micro Devices Inc forecast current-quarter revenue above Wall Street’s expectations as it rushes to find new markets to offset its declining core business of PC chips.
Like larger rival Intel Corp, AMD is trying to refocus its business as sales of laptops languish and consumers increasingly depend on smartphones and tablets.