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Electronics news digest

28 August 2019 News

South Africa

•Canadian technology company Sciencetech is now distributed in South Africa by Intercal. For over 33 years, Sciencetech’s products have been exported to countries around the world, within a variety of applications and fields, including medical research, biotechnology, space, food sciences, environmental and academic research, aerospace, and photovoltaic testing. Its main product categories are solar simulators, photovoltaic test systems, light sources, monochromators and spectrographs, modular optical systems and components, with full system customisation on all products.

Overseas

Business

•Infineon Technologies reported results for the third quarter of the 2019 fiscal year, the highlights of which were revenue of 2,015 billion Euros, segment result of 317 million Euros, and segment result margin of 15,7 percent. Based on an assumed exchange rate of US$1,15 to the Euro, revenue for the fourth quarter is expected to grow by 1 percent (plus or minus 2 percentage points) quarter-on-quarter.

•Maxim Integrated Products reported net revenue of $557 million for its fourth quarter of fiscal 2019 ended 29 June, a 3 percent increase from the $542 million revenue recorded in the prior quarter, and a 12 percent decrease from the same quarter of last year. Diluted earnings per share (EPS) in the June quarter were $1,33.

•Cypress Semiconductor achieved $532,2 million in second-quarter revenue, down 1,3 percent sequentially, but up 4,8 percent sequentially after adjusting for the divestiture of its NAND business, which was completed on 1 April. The company’s connect and compute solutions continued to gain strong momentum, including in IoT where revenue was up 30 percent sequentially in Q2, driven by strength in Wi-Fi/Bluetooth combos as well as standalone Bluetooth.

•For its second quarter, NXP Semiconductors’ revenue of $2,2 billion was down 3 percent year-on-year, but 6 percent up on the first quarter of 2019. For the latest quarter, net income was $41 million (or $0,14 per diluted share), compared with net income of $54 million (or $0,16 per diluted share) in the same quarter a year ago.

•STMicroelectronics reported second quarter net revenues of $2,17 billion, gross margin of 38,2 percent, operating margin of 9,0 percent, and net income of $160 million or $0,18 diluted earnings per share. Looking at the third quarter, the company expects strong sequential revenue growth of about 15,3 percent at the midpoint. This growth will be driven by engaged customer programmes and new products in a softer than expected legacy automotive and industrial market.

•Texas Instruments reported second quarter revenue of $3,67 billion (a 9 percent year-on-year decrease), net income of $1,31 billion (down 7 percent) and earnings per share of $1,36 (down 3 percent). Its third quarter outlook is for revenue in the range of $3,65 billion to $3,95 billion, and earnings per share between $1,31 and $1,53.

Companies

•Antenna specialist Taoglas announced the acquisition of Firmwave, an IoT product design and engineering company, to deliver next-generation technology to applications such as healthcare, energy and utilities, supply chain and logistics, transportation, agriculture and construction. According to Taoglas co-CEO Ronan Quinlan, the move aims to satisfy demands from customers looking for a one-stop-shop for IoT engineering services.

•u-blox has acquired Rigado’s Bluetooth modules business in an asset purchase agreement. Rigado is a leading provider of edge-as-a-service gateway solutions for commercial IoT, and began offering certified wireless modules in 2015.The Rigado Bluetooth modules portfolio will be rebranded under the u-blox name and integrated into its short-range radio offering.

Industry

•The Semiconductor Industry Association announced that worldwide sales of semiconductors reached $98,2 billion during the second quarter of 2019, a small increase of 0,3 percent over the previous quarter, but 16,8 percent less than the second quarter of last year. Cumulatively, year-to-date sales during the first half of 2019 were 14,5 percent lower than they were through the same point in 2018. On a year-to-year basis, sales were down across all regional markets: Europe (-10,9 percent), Japan (-12,8 percent), Asia Pacific/All Other (-13,7 percent), China (-13,9 percent), and the Americas (-29,5 percent).





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