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Microchip Technology’s consolidated GAAP net sales for the second quarter of fiscal 2013 were a record $383,3 million, up 8,9% sequentially and up 12,5% over the prior year’s second fiscal quarter. Consolidated GAAP net loss for the second quarter of fiscal 2013 was $21,2 million, or 11 cents per diluted share, down from $78,7 million, or 39 cents per diluted share, in the immediately preceding quarter, and down from $79,3 million, or 40 cents per diluted share, in the prior year’s second fiscal quarter.
For the 12 months ended 30 September 2012, Digi International reported revenue of $190,6 million compared to revenue of $204,2 million for the 12 months ended 30 September 2011, a decrease of 6,7%. Net income for the most recent financial year was $7,6 million, or $0,29 per diluted share, compared to net income for the previous year of $11,0 million, or $0,43 per diluted share.
Intersil reported financial results for its third quarter ended 28 September 2012. Net revenue was $151,4 million, a 18,9% decrease from $186,8 million in the third quarter of 2011, and a 7,1% decrease from $163,0 million in the second quarter of 2012. Net income for the third quarter of 2012 was $2,0 million, or $0,02 per diluted share, compared with net income of $7,2 million, or $0,06 per diluted share, in the same quarter last year, and net loss of $14,5 million, or $0,11 per share, in the second quarter of 2012.
Altera announced third quarter sales of $495,0 million, up 6% from the second quarter of 2012 and down 5% from the third quarter of 2011. Third quarter net income was $157,5 million ($0,49 per diluted share), compared with net income of $162,7 million ($0,50 per diluted share) in the second quarter of 2012 and $185,4 million ($0,57 per diluted share) in the third quarter of 2011.
Fairchild Semiconductor reported third quarter sales of $358,8 million, down 1% from the prior quarter and 11% lower than the third quarter of 2011. Net income was $24,7 million or $0,19 per diluted share, compared to $11,9 million or $0,09 per diluted share in the prior quarter and $35,8 million or $0,28 per diluted share in the third quarter of 2011.
Maxim Integrated reported net revenue of $623 million for its first quarter of fiscal 2013 ended 29 September 2012, a 3% increase from $605 million revenue recorded in the prior quarter. GAAP diluted earnings per share were $0,43 on net income of $127,9 million in the most recent quarter, compared to $0,37 and $110,6 million in the previous period.
Atmel announced financial results for its third quarter ended 30 September 2012. Revenue was $361,0 million, a 2% decrease compared to the second quarter of 2012, and 25% lower compared to $479,4 million for the third quarter of 2011. GAAP net income totalled $21,6 million or $0,05 per diluted share for the third quarter of 2012. This compares to GAAP net income of $0,8 million or $0,00 per diluted share for the second quarter of 2012, and $116,7 million or $0,25 per diluted share for the third quarter of 2011.
International Rectifier announced financial results for the first quarter (ended 23 September 2012) of its fiscal year 2013. Revenue was $252,5 million, a 6,4% decrease from $269,7 million in the prior quarter and a 16,6% decrease from $302,7 million in the prior year quarter. GAAP net loss for the first quarter was $28,8 million, or $0,42 per fully diluted share, compared with GAAP net loss of $68,2 million, or $0,99 per fully diluted share, in the prior quarter, and GAAP net income of $22,0 million, or $0,31 per fully diluted share, in the prior year quarter.
ams grew third quarter group revenues to 103,3 million Euros, up 27% compared to the same quarter of 2011 and 8% quarter-on-quarter. Earnings before interest and tax (EBIT) for the third quarter increased to 25,5 million Euros, up 96% from 13,0 million Euros in the same period last year.
Linear Technology reported financial results for the quarter ended 30 September 2012. Quarterly revenues of $335,1 million for the first quarter of fiscal year 2013 increased $5,1 million or 1,6% over the previous quarter’s revenue of $330,0 million and increased $5,2 million or 1,6% over $329,9 million reported in the first quarter of fiscal year 2012. Diluted earnings per share of $0,45 in the first quarter of fiscal year 2013 increased $0,01 or 2% over the fourth quarter of fiscal year 2012 and declined $0,02 or 4% from the first quarter of fiscal year 2012.
Silicon Laboratories reported record third quarter revenue of $149,5 million, a 25% increase compared to the third quarter of 2011. Third quarter revenue was up 10% sequentially due to both organic growth and the additional revenue from the acquisition of Ember completed during the quarter. On a GAAP basis, diluted earnings per share declined to $0,24, down from the $0,26 achieved in the third quarter of 2011.
For the third quarter of its fiscal 2012, Cypress Semiconductor achieved revenues of $203 million – better than the $201,3 million recorded in the previous quarter but down from last year’s third quarter mark of $264,7 million. Net income was $14,3 million for diluted earnings per share (EPS) of $0,09, compared to $5 million (diluted EPS of $0,03) in the second quarter of 2012 and $40 million (diluted EPS of $0,22) in the third quarter of 2011.
Microsemi reported unaudited results for its fourth quarter and fiscal year ended 30 September 2012. Net sales for fiscal year 2012 were a record $1,0 billion, up 21,1% from fiscal year 2011. However, this did not stop the company from recording a net loss of $29,7 million for the year.
Companies
u-blox announced its acquisition of Finnish-based Fastrax, a company that specialises in a broad range of GNSS positioning and antenna modules. The company brings additional products to u-blox’ portfolio, including software GNSS solutions used for consumer and industrial applications, and advanced GNSS modules that include integrated antenna. The acquisition entails purchase of 100% of the shares of Fastrax at a price of 13 million Euros.
RF Micro Devices has announced a definitive agreement to acquire Amalfi Semiconductor, a fabless semiconductor company specialising in high-performance RF and mixed-signal ICs for the rapidly growing entry-level smartphone market. Under the terms of the agreement, RFMD will acquire Amalfi with cash on hand for total consideration of approximately $47,5 million.
MIPS Technologies has entered into separate agreements with Bridge Crossing LLC, an acquisition vehicle of Allied Security Trust, and Imagination Technologies Group with net proceeds of approximately $7,31 per share in cash to each holder of MIPS common stock. Bridge Crossing will acquire 498 of MIPS’ total 580 patent assets for gross proceeds of $350 million. Subject to consummation of the Bridge Crossing transaction, Imagination will acquire the operating business of MIPS, the 82 retained patent properties, and licence rights to all of the remaining patent properties of MIPS for $60 million.
Industry
The Semiconductor Industry Association (SIA) announced that worldwide sales of semiconductors reached $24,79 billion for the month of September 2012, a 2% increase from the prior month when sales were $24,30 billion. Sales from the third quarter of 2012 totalled $74,4 billion – a 1,8% jump compared to the previous quarter – but total 2012 sales were down 4,7% compared to the same time last year.
Technology
Altera announced the FPGA industry’s first software development kit (SDK) for OpenCL (Open Computing Language) which combines the massively parallel architecture of an FPGA with the OpenCL parallel programming model. The SDK allows system developers and programmers familiar with C to quickly and easily develop high-performance, power-efficient FPGA-based applications in a high-level language.
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