NEW YORK/SAN FRANCISCO (Reuters) – Advanced Micro Devices has hired JPMorgan Chase & Co to explore options, which could include a potential sale, as the chipmaker struggles to find a role in an industry increasingly focused on mobile and away from traditional PCs, according to three sources familiar with the situation.
The company’s stock surged 18 percent on the news before ending up 5 percent at $2.09 on the New York Stock Exchange.
NEW YORK/SAN FRANCISCO, Nov 13 (Reuters) – Advanced Micro
Devices (AMD.N: Quote, Profile, Research) has hired JPMorgan Chase & Co (JPM.N: Quote, Profile, Research) to explore
options, which could include a potential sale, as the chipmaker
struggles to find a role in an industry increasingly focused on
mobile and away from traditional PCs, according to three sources
familiar with the situation.
The company’s stock surged 18 percent on the news before
ending up 5 percent at $2.09 on the New York Stock Exchange.
Sources told Reuters on Tuesday that an outright sale of the
company is not a priority, and other options for AMD could
include a sale of its portfolio of patents.
SAN FRANCISCO (Reuters) – Nvidia forecast quarterly revenue below expectations and also initiated a quarterly dividend as the graphics chipmaker pushes further into a growing tablet market to offset weak PC demand.
With PC sales suffering from economic uncertainty and a growing consumer preference for tablets, Nvidia has staked its future on leveraging its graphics expertise to make high-performance processors for mobile devices.
SAN FRANCISCO, Nov 8 (Reuters) – Intel and
Hewlett-Packard Co unveiled new server technology based
on the high-end niche Itanium processors at the center of a
recent dispute between Hewlett-Packard and Oracle Corp.
The future of servers built with Itanium chips was thrown
into doubt last year due to a bitter legal battle between
long-time partners HP and Oracle and it remains unclear to some
experts even after a California state court judge ruled in favor
NEW YORK/SAN FRANCISCO (Reuters) – Apple Inc’s iPad mini hit stores around the world on Friday, attracting sparser crowds than previous Apple launches, but the kickoff still drew hundreds of New Yorkers only days after one of the biggest storms to hit the United States.
A proliferation of rival gadgets aimed at the holidays and cheaper tablets from Google Inc and Amazon.com Inc may have sapped interest in Apple’s latest bet, resulting in shorter lines outside stores from Tokyo and Amsterdam to Sydney and Hong Kong.
SAN FRANCISCO (Reuters) – Apple Inc’s iPad mini uses a display from South Korea’s Samsung Electronics Co Ltd, one of Apple’s major suppliers and also its fiercest rival in the global mobile-device market that the two companies dominate.
Analysts say the Silicon Valley-based iPhone maker is trying to wean itself off its reliance on Samsung, as both giants are embroiled in a bitter international legal battle over mobile patents, for everything from microchips to displays.
SAN FRANCISCO, Nov 1 (Reuters) – Apple Inc’s new
iPad mini includes a display from South Korea’s Samsung
Electronics Co Ltd, a key supplier but also the
Silicon Valley tech giant’s fiercest rival in a global
The iPad mini, to be available in stores on Friday, also
includes Apple’s A5 processor, SK Hynix Inc flash
memory, a Broadcom touch controller and a number of
chips from Fairchild Semiconductor International Inc,
according to electronics repair company iFixit, which acquired
one early and opened it on Thursday.
LONDON/SAN FRANCISCO (Reuters) – British chip designer ARM on Tuesday launched processors to power a new generation of smartphones and also offer low-energy solutions for servers, increasing its incursion into a market dominated by Intel.
The Cambridge-based company, whose technology is in Apple’s iPhone 5 and Samsung Electronics’ Galaxy S3, said its latest blueprints would deliver three times today’s processing power using the same amount of energy.
SAN FRANCISCO (Reuters) – Advanced Micro Devices Inc plans to use technology from Britain’s ARM Holdings Plc to make energy-efficient processors for servers, a growing business that the troubled chipmaker hopes will help offset weakness in the struggling PC industry.
AMD will expand its push into the still-new microserver market, combining ARM’s architecture typically used in smartphones with the x86 architecture common in PCs and servers, Chief Executive Officer Rory Read said on Monday.
SAN FRANCISCO (Reuters) – KLA-Tencor Corp (KLAC.O: Quote, Profile, Research, Stock Buzz) posted fiscal first-quarter revenue below expectations and said current-quarter revenue would fall more as chipmakers, worried about the economy, hold off on new orders of manufacturing equipment.
The lower-than-expected outlook for the December quarter, including uncertainty about orders for new products, sent the company’s shares down more than 2 percent after-hours.