Noel's Feed
Nov 7, 2014

GT Advanced says fell victim to ‘bait-and-switch’ by Apple

SAN FRANCISCO (Reuters) – Apple Inc pulled a “bait and switch” move to force GT Advanced Technologies into a money-losing deal to supply the iPhone maker with sapphire, according to an affidavit by a senior executive at the company.

In documents unsealed on Friday by a U.S. Bankruptcy Court in Springfield, Massachusetts, GT Advanced Chief Operating Officer Daniel Squiller says Apple offered what would have been GT Advanced’s largest sale ever and then changed the terms of the agreement after it was too late for the smaller company to pursue other opportunities.

Nov 6, 2014

Nvidia quarterly revenue tops Wall Street expectations

SAN FRANCISCO (Reuters) – Nvidia (NVDA.O: Quote, Profile, Research, Stock Buzz) on Thursday posted higher fiscal third-quarter revenue that was above Wall Street’s expectations, fueled by the company’s latest graphics chips for personal computers as well as processors for data centers and cars.

Revenue in the fiscal third-quarter ended Oct. 26 was $1.225 billion, up 16 percent from the year-ago quarter, compared with analysts’ average estimate of $1.202 billion.

Nov 5, 2014

Qualcomm sees more China trouble, faces probes in U.S., Europe

SAN FRANCISCO (Reuters) – Qualcomm Inc warned on Wednesday that an antitrust investigation and problems collecting royalties could harm its business in China next year and it also disclosed new regulatory investigations in the United States and Europe.

China’s expanding high-speed 4G network is driving demand for smartphones with leading-edge technology, but Qualcomm’s opportunities have been clouded by an 11-month-old antitrust investigation there.

Nov 5, 2014

Qualcomm results disappoint on China probe, royalties

SAN FRANCISCO (Reuters) – Qualcomm Inc (QCOM.O: Quote, Profile, Research, Stock Buzz) gave a disappointing forecast for 2015 revenue on Wednesday after quarterly earnings missed expectations, as the wireless chipmaker continues to struggle with royalty collection and an antitrust investigation in China.

China’s expanding high-speed 4G network is driving demand for smartphones with leading-edge technology, but Qualcomm’s opportunities have been clouded by a 11-month-old antitrust investigation there.

Nov 3, 2014

Wrist-worn drone wins Intel smart clothing contest

SAN FRANCISCO, Nov 3 (Reuters) – Intel Corp on
Monday awarded $500,000 to a group of do-it-yourselfers who
developed a wristband that converts to a camera-equipped drone
to win a contest the chipmaker hopes will help guarantee it a
leading position in the emerging market for wearable computing
devices.

Aimed at rock climbers, the Nixie quadcopter is worn wrapped
around the wrist and springs into the air to take pictures from
hard-to-reach places. Like a boomerang, it returns to its owner
and then syncs with the owner’s smartphone.

Oct 31, 2014

Microchip Technology says dip in semiconductor demand to be ‘very mild’

SAN FRANCISCO, Oct 30 (Reuters) – Microchip Technology Inc
, which three weeks ago forecast a broad downturn in
semiconductor demand, said on Thursday that the worst was over
and the dip would be minor.

Shares of Microchip rose 4 percent in extended trade after
the company forecast earnings per share for fiscal third
quarter, which ends in December, in line with analysts’
expectations.

Oct 30, 2014

In glow of Apple, NXP pitches tap-to-pay technology to car makers

SAN FRANCISCO, Oct 30 (Reuters) – NXP Semiconductors
is taking advantage of the recent excitement around
Apple Inc’s new mobile payment system with the
tap-to-pay technology built into the newest iPhones by pitching
it to car makers.

Apple’s inclusion of near-field-communications, or NFC, in
its latest smartphones and its Apple Pay system unveiled last
month has given a long-awaited seal of approval to the
technology.

Oct 21, 2014

Apple, supplier GT strike deal to unseal info, shutter Arizona plant

Oct 21 (Reuters) – Apple and GT Advanced Technologies Inc
struck an agreement on Tuesday that will let GT begin
the shutdown of key Arizona operations, and shed some more light
on why the former stock market darling abruptly filed for
bankruptcy this month.

A lawyer for GT, Apple’s erstwhile sapphire supplier,
described the deal at a hearing in U.S. Bankruptcy Court in
Springfield, Massachusetts, saying it would save the company
money and allow it to be more open about its mysterious Chapter
11 filing on October 6.

Oct 21, 2014

Broadcom third-quarter results beat views, stock jumps

SAN FRANCISCO (Reuters) – Broadcom (BRCM.O: Quote, Profile, Research, Stock Buzz) posted third-quarter results on Tuesday that exceeded Wall Street’s expectations as the chipmaker focused on networking and smartphone chips, sending its shares 5 percent higher.

Broadcom, whose wifi connectivity chips are used in Apple’s iPhones, reported third-quarter revenue of $2.26 billion, up 5.3 percent from the year-ago period. Analysts on average had expected third-quarter revenue of $2.17 billion, according to Thomson Reuters I/B/E/S.

Oct 21, 2014

Broadcom’s third-quarter revenue exceeds expectations

SAN FRANCISCO, Oct 21 (Reuters) – Broadcom posted
higher third-quarter revenue on Tuesday that exceeded Wall
Street’s expectations as the chipmaker focused on networking and
broadband chips, sending its shares 4 percent higher.

Broadcom, a leader in connectivity chips with features like
Wifi and Bluetooth, reported third-quarter revenue of $2.26
billion, up 5.3 percent from the year-ago period. Analysts on
average had expected third-quarter revenue of $2.17 billion,
according to Thomson Reuters I/B/E/S.

    • 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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