Overseas
Business
• Silicon Labs reported financial results for its second quarter ended 30 June 2018. Revenue established a new all-time record, achieving the high end of guidance at $217 million, up from $205 million in the first quarter. Second quarter diluted earnings per share (EPS) were $0,32 based on net income of $14,28 million. The company expects revenue in the third quarter to be in the range of $224 to $230 million.
• NXP Semiconductors delivered second quarter revenue of $2,29 billion, an increase of 4% year on year, and an increase of 1% as compared to the prior quarter. Its board of directors authorised a $5 billion share repurchase programme based on the strength of its capital structure, and its confidence in the company’s ability to drive long-term growth and strong cash flow.
• STMicroelectronics reported second quarter net revenues of $2,27 billion for its 2018 second quarter, and net income of $261 million or $0,29 diluted EPS. This represents an 18% year-over-year revenue growth, and keeps the company on track to achieve its goal to grow annual revenues between 14% and 17% for 2018.
• Texas Instruments reported second-quarter revenue of $4,02 billion, net income of $1,41 billion and earnings per share of $1,40. Its third-quarter outlook is for revenue in the range of $4,11 billion to $4,45 billion, and earnings per share between $1,41 and $1,63.
• Cypress Semiconductor reported record revenue of $624,1 million, a 7,2% increase sequentially, for its second quarter. Net income and diluted EPS were $27,7 million and $0,07 respectively, compared to the previous quarter’s figures of $9,1 million and $0,02.
• In its third fiscal quarter, Infineon Technologies’ revenue grew by 6% from 1836 million Euros to 1941 million Euros quarter-on-quarter. Rising demand and a stronger US dollar caused revenue to grow in all four segments, i.e., automotive, industrial power control, power management and multimarket and chip card and security. Net income for the three-month period totalled 271 million Euros, compared with 457 million Euros in the previous quarter.
• Maxim Integrated Products reported net revenue of $633 million for its fourth quarter of fiscal 2018 ended 30 June, a 2% decrease from the $649 million revenue recorded in the prior quarter, and a 5% increase from the same quarter of last year. Net income was $194,2 million and diluted earnings per share were $0,68.
• ON Semiconductor announced that total revenue in the second quarter of 2018 was $1455,9 million, up approximately 9% compared to the second quarter of 2017, and up approximately 6% as compared to revenue in the first quarter of 2018. Diluted earnings per share were $0,35 based on net income of $155,3 million.
Companies
• The long-anticipated merger between NXP Semiconductors and Qualcomm has been called off, with the announcement by Qualcomm that it has terminated the purchase agreement after Chinese authorities failed to grant approval for the deal by the prescribed deadline. Qualcomm was obliged to pay NXP $2 billion in termination compensation.
• RS Components has signed an official contract to become a digital partner of high-reliability interconnect manufacturer Glenair. Glenair specialises in military qualified, industrial and commercial products for use in harsh environments. It makes a broad range of connectors, backshells, cable assemblies and accessories. RS has been trading with Glenair for many years and currently stocks over 400 Glenair products, notably Micro-D and circular connectors aimed at the defence and industrial markets.
Industry
• The Semiconductor Industry Association (SIA) announced worldwide sales of semiconductors reached $117,9 billion during the second quarter of 2018, an increase of 6,0% over the previous quarter and 20,5% more than the second quarter of 2017. Global sales for the month of June 2018 reached $39,3 billion, an uptick of 1,5% compared to May, and a surge of 20,5% compared to the June 2017 total of $32.6 billion. Cumulatively, year-to-date sales during the first half of 2018 were 20,4% higher than they were at the same point in 2017.
• IC Insights forecasts that the 2018 global electronic systems market will grow 5% to $1622 billion while the worldwide semiconductor market is expected to surge by 14% this year to $509,1 billion, exceeding the $500,0 billion level for the first time. If the 2018 forecasts come to fruition, the average semiconductor content in an electronic system will reach 31,4%, breaking the all-time record of 28,8% that was set in 2017.
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