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May 15, 2014

Applied Material posts higher quarterly revenue, stock gains

SAN FRANCISCO, May 15 (Reuters) – Top chip gear-maker
Applied Materials on Thursday posted higher fiscal
second-quarter revenue as investments to make more smartphones
and memory chips helped offset a slow personal computer market.

Shares of the company rose after its report reassured
investors who were cautious following recent disappointing
quarterly forecasts from other companies.

May 14, 2014

Intel trims marketing staff ahead of new chief’s arrival

SAN FRANCISCO, May 14 (Reuters) – Intel Corp is
shedding jobs in its marketing department ahead of the arrival
of new chief marketing officer Steven Fund, who the struggling
chipmaker is betting will restore some shine to its brand.

In recent weeks, close to 40 marketing employees have
accepted voluntary incentive packages to leave, said two people
close to the company who were not authorized to comment.

May 8, 2014

Nvidia quarterly forecast matches Wall St’s but stock drops

SAN FRANCISCO, May 8 (Reuters) – Chipmaker Nvidia’s
forecast for current-quarter revenue met analysts’ expectations
but failed to inspire investors concerned about a slowing PC
industry, and its stock lost ground.

With the personal computer sector losing steam and the
chipmaker’s move into mobile facing relentless competition,
Nvidia is heavily promoting its graphics technology for a wider
range of applications, including cars and data centers.

May 8, 2014

Nvidia quarterly forecast matches Wall St but investors unimpressed

SAN FRANCISCO (Reuters) – Chipmaker Nvidia’s (NVDA.O: Quote, Profile, Research, Stock Buzz) forecast for current-quarter revenue met analysts’ expectations but failed to inspire investors, and its stock lost ground.

With the personal computer industry losing steam and the chipmaker’s move into mobile facing relentless competition, Nvidia is heavily promoting its graphics technology for a wider range of applications, including cars and data centers.

Apr 24, 2014

Broadcom results beat forecasts but China hurts

SAN FRANCISCO, April 24 (Reuters) – Broadcom Corp
beat Wall Street expectations in the first quarter, although
profit and revenue were lower than a year earlier as the
company’s high-end chips for smartphones faced fierce
competition in China.

Underscoring those concerns, Broadcom’s revenue guidance for
the June quarter was slightly below some analyst expectations.
Its stock fell more than 2 percent in extended trading due to
worries about how the company’s new 4G chips will fare in a
crowded market.

Apr 24, 2014

Qualcomm’s quarterly revenue growth dwindles, shares fall

SAN FRANCISCO (Reuters) – Qualcomm Inc on Wednesday posted its smallest quarterly revenue increase since 2010 as it wrestles with a smartphone market that is losing steam and shifting to China, sending its shares lower.

With expansion in the smartphone industry moving away from wealthy markets such as the United States and toward China and other developing countries, where consumers favour less expensive devices, Qualcomm’s once-impressive revenue growth is tapering off and it is focusing on costs to preserve its profitability.

Apr 24, 2014

Qualcomm faces China bribery allegations from U.S. regulator

SAN FRANCISCO (Reuters) – Leading mobile chipmaker Qualcomm said on Wednesday it could face a civil action from U.S. authorities over alleged bribery of officials associated with state-owned companies in China.

With smartphone sales tapering off in the United States, China is a major market for Qualcomm, but doing business there has included disagreements over royalties and an antitrust investigation.

Apr 23, 2014

Qualcomm’s second-quarter revenue misses estimates

SAN FRANCISCO (Reuters) – Qualcomm Inc (QCOM.O: Quote, Profile, Research, Stock Buzz) on Wednesday posted quarterly revenue that missed expectations as it wrestles with a smartphone market that is losing steam and shifting to China, sending its shares lower.

The chipmaker reported fiscal second-quarter revenue of $6.37 billion, up 4 percent from the year-ago period. Analysts on average had expected $6.479 billion, according to Thomson Reuters I/B/E/S.

Apr 17, 2014

Google, IBM results raise questions about other tech-sector companies

SAN FRANCISCO (Reuters) – Disappointing results from Google Inc and IBM may unnerve investors shaken by a strong recent selloff in tech stocks, underscoring the challenges the Internet and IT sectors face as corporate report cards come due in coming weeks.

The two companies, both barometers of their respective industries, posted March-quarter results on Wednesday that missed Wall Street’s revenue targets, and their shares fell in after hours trade.

Apr 16, 2014

SanDisk sees solid-state drives boosting margins

SAN FRANCISCO (Reuters) – SanDisk Corp (SNDK.O: Quote, Profile, Research, Stock Buzz) increased its gross margin outlook for 2014 as fast-growing sales of its high-end solid-state drives helped offset volatile prices for memory chips, sending its shares higher.

Shares of SanDisk jumped more than 6 percent in after-hours trade on Wednesday after the chipmaker said that, due to an improved product mix, it was increasing its 2014 gross margin target range to between 47 percent and 49 percent. Its previous target range was 45 percent to 48 percent.

    • 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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