Intel's First-Quarter Net Income Tumbles as PC-Makers Struggle
Intel forecast June-quarter revenue in line with expectations as the personal computer industry grapples with falling sales and a shift toward tablets and smartphones.
Intel forecast June-quarter revenue in line with expectations as the personal computer industry grapples with falling sales and a shift toward tablets and smartphones.
The world's largest chipmaker is looking to promote its technology products through a new association with the seven-time Grammy Award winner. Says will.i.am: "When I see an Intel chip, I think of all the creative minds involved that help to amplify my own creativity."
In a move to help it target tablet computers, cell-phone-chip designer Qualcomm has reportedly offered $3.5 billion to buy Atheros Communications, which has developed chips that connect wireless computers to the Internet.
Applied Materials, the world's largest maker of computer-chip-manufacturing equipment, says its profit for its fiscal fourth quarter more than tripled from the same period a year ago.
Samsung Electronics shares fell 2.5% to 773,000 won each, fueling declines in other Asian technology stocks, after the company forecast its third-quarter profit will fall from the second quarter's record high.
Global semiconductor revenue growth this year will be slower than previously expected, as weaker-than-expected demand for personal computers and other consumer-electronic devices will cause inventory to pile up, iSuppli said in a statement today.
Advanced Micro Devices has lowered its third-quarter sales guidance, citing weaker-than-expected demand for laptops in North America and Europe. The news comes after another chip maker, Intel, cut its third-quarter forecast last month.
IBM claims it has developed the world's fastest computer chip, and it plans to start shipping the chip as part of its zEnterprise System mainframe computers this month.
Add the $7.7 billion Intel is paying for McAfee to the $3.8 billion loss in the chipmaker's market value after its announcement, and the deal's cost to shareholders is $11.5 billion. But the purchase probably won't drive enough profits to cover that hefty price.
Applied Materials, the world's top semiconductor manufacturing equipment company, reported third quarter results Wednesday, posting earnings and sales that beat analyst estimates. AMAT's outlook also exceeded analyst expectations, so why hasn't the stock reacted much?
Tech stocks are on sale these days, giving buyers a chance to pick up shares at impressive discounts. The sale isn't due entirely to market jitters. A good sex scandal helped to create opportunity as did less-than-rosy earnings forecasts.
After years of battle, the Federal Trade Commission plans to report details of an antitrust settlement with Intel on Wednesday.
Applied Materials is cutting its SunFab line of equipment to make amorphous-silicon solar panels. The move marks the end of the semiconductor-equipment giant's big thin-film solar ambitions. What's next for AMAT?
Despite declaring its love for Apple in major newspapers, Adobe hasn't always had a smooth working relationship with Apple -- perhaps less payback than incidental to Apple's plans to grab profit margin from chipmakers.
Several IPO hopefuls didn't fare well earlier in the year, but private equity investors KKR and Bain Capital feel confident enough about NXP, which they own most of. With the semiconductor business picking up, will investors warm up to NXP?
The chipmakers' combination, the latest in a semiconductor M&A wave, enhances their prowess in military technologies and their chances of getting a bigger share of the defense dollar.
Applied Materials swung a first-quarter profit on strong sales of its semiconductor manufacturing equipment and improving customer demand. It also raised its full-year revenue target to reflect higher demand in its chip, LCD display and crystalline silicon solar businesses.
Micron Technology, which is the largest US memory developer, agreed to pay $1.27 billion for Numonyx Holdings BV.









