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May 17, 2013

America’s Cup sailing suspended for review of boats and dangers

SAN FRANCISCO (Reuters) – Clouds hung over the America’s Cup sailing regatta on Friday after investigators asked the teams to temporarily halt practicing on blustery San Francisco bay following a deadly accident last week.

Organizers have said races will go ahead in July, despite growing public concerns over safety after a British champion sailor was killed when one of the sleek, ultra-fast AC72 catamarans built for the competition capsized and broke apart last Thursday.

May 16, 2013

Applied Materials says smartphone-chip demand to aid revenue

SAN FRANCISCO (Reuters) – Applied Materials (AMAT.O: Quote, Profile, Research, Stock Buzz), a maker of equipment used to manufacture chips, said on Thursday that demand for smartphone chips will help increase its revenues slightly in the current quarter and offset slowing demand from manufacturers hurt by slumping PC sales.

Contract manufacturers and companies making NAND flash memory chips are getting a lift from the proliferation of mobile devices and are driving demand for new equipment, Applied Materials executives told analysts on a conference call.

May 16, 2013

New CEO vows Intel will be more responsive in mobile push

SAN FRANCISCO (Reuters) – Intel Corp’s new CEO Brian Krzanich said on Thursday that under his leadership the top chipmaker will be more responsive to customers in an intensified focus on the fast-growing smartphone and tablet market where it lags its rivals.

Krzanich took over as chief executive at Intel’s annual shareholders meeting, replacing Paul Otellini, who in November unexpectedly announced his plan to retire. Under Otellini, Intel has been sidelined in smartphones and tablets while demand for its PC processors is on the wane.

May 15, 2013

America’s Cup regatta to go on following fatal accident

SAN FRANCISCO (Reuters) – The America’s Cup sailing regatta will go ahead, organizers said on Tuesday, following concerns about safety due to the death of a sailor in a training accident last week.

Regatta organizers said they hope within two weeks to complete an investigation of last Thursday’s accident that led to the death of British champion sailor Andrew Simpson, a two-time Olympic medalist. Simpson was trapped underwater after the Artemis Racing team’s 72-foot catamaran capsized and broke apart in a training run.

May 15, 2013

Sailing-America’s Cup regatta to go on following fatal accident

SAN FRANCISCO, May 14 (Reuters) – The America’s Cup sailing regatta will go ahead, organizers said on Tuesday, following concerns about safety due to the death of a sailor in a training accident last week.

Regatta organizers said they hope within two weeks to complete an investigation of last Thursday’s accident that led to the death of British champion sailor Andrew Simpson, a two-time Olympic medalist. Simpson was trapped underwater after the Artemis Racing team’s 72-foot catamaran capsized and broke apart in a training run.

May 14, 2013

Nvidia targets enthusiasts with hand-held game gadget

SAN FRANCISCO (Reuters) – Chipmaker Nvidia said it will start shipping a hand-held gaming device in June, a bid to use its appeal with PC game enthusiasts to challenge console makers like Sony Corp and Microsoft Corp.

SHIELD, which was announced in January and uses Nvidia’s Tegra 4 mobile processors, will be priced at $349, the company said in a release on Tuesday.

May 11, 2013

America’s Cup accident highlights risks of high-tech approach

SAN FRANCISCO (Reuters) – Less than 24 hours before a British sailor died in an America’s Cup boating accident on San Francisco Bay, billionaire Larry Ellison, the mastermind behind this year’s competition for the world’s oldest sporting trophy, was celebrating his sailing triumphs at a red-carpet gala.

The exclusive party, held Wednesday at a newly completed cruise terminal that is serving as the America’s Cup headquarter, featured a flattering documentary film, “The Wind Gods,” produced by Ellison’s son. The Oracle software company co-founder and CEO beamed as guests sipped wine and chatted about the upcoming races.

May 11, 2013

Sailing-America’s Cup accident highlights risks of high-tech approach

SAN FRANCISCO, May 11 (Reuters) – Less than 24 hours before a British sailor died in an America’s Cup boating accident on San Francisco Bay, billionaire Larry Ellison, the mastermind behind this year’s competition for the world’s oldest sporting trophy, was celebrating his sailing triumphs at a red-carpet gala.

The exclusive party, held Wednesday at a newly completed cruise terminal that is serving as the America’s Cup headquarter, featured a flattering documentary film, “The Wind Gods,” produced by Ellison’s son. The Oracle software company co-founder and CEO beamed as guests sipped wine and chatted about the upcoming races.

May 9, 2013

Chipmaker Nvidia’s quarterly results beat expectations

SAN FRANCISCO, May 9 (Reuters) – Graphics chipmaker Nvidia
posted better-than expected results for the first
quarter including record gross margins, despite a slowing PC
industry, sending its share higher.

With PC sales losing ground to tablets, Nvidia is betting on
its graphics expertise to make high-performance processors for
mobile devices.

May 8, 2013

SanDisk CEO sees extended stability in NAND flash market

May 8 (Reuters) – The rising cost of building
state-of-the-art memory chip factories is making manufacturers
think twice about adding new capacity, increasing the likelihood
of strong prices, the chief executive of SanDisk said.

Sanjay Mehrotra told analysts at a conference on Wednesday
that even as demand grows for flash memory, used in smartphones,
tablets and solid-state drives, chipmakers are adding little new
capacity.

    • About Noel

      "Based in Thomson Reuters' San Francisco news bureau, Noel Randewich covers the semiconductor industry and the growing use of microchips in everything from smartphones to home energy management. Prior to his San Francisco posting, Mr Randewich spent a decade covering emerging markets news in Mexico City."
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