Overseas
Business
Ramtron reported that total revenue grew 66% to $18,3 million for the second quarter of 2010, compared with $11,0 million for the same quarter last year. Net income for the second quarter of 2010 was $357 000, or $0,01 per share, compared with a net loss of $302 000, or $0,01 per share, for the second quarter of 2009.
Consolidated net sales for Microchip’s first quarter of fiscal 2011 (ended 30 June 2010) were $320,8 million, up 15,4% sequentially from $278,0 million in the immediately preceding quarter, and up 66,3% from net sales of $192,9 million in the prior year’s first quarter. GAAP net income from continuing operations for the first quarter of fiscal 2011 was $89,6 million, or 47 cents per diluted share, up 18,3% from GAAP net income of $75,7 million, or 40 cents per diluted share, in the immediately preceding quarter, and up 227,4% from GAAP net income of $27,4 million, or 15 cents per diluted share, in the prior year’s first quarter.
MIPS Technologies, a leading provider of industry-standard processor architectures and cores, reported consolidated financial results for its fourth fiscal quarter ended 30 June. Revenue for the fourth quarter was $23,3 million, an increase of 33% over the prior quarter revenue of $17,5 million and an increase of 85% from the $12,6 million reported in the fourth fiscal quarter a year ago. Revenue from royalties was $12,4 million, an increase of 3% from the prior quarter and 62% from the fourth quarter last year. Licence revenue was $10,9 million, a sequential increase of 101% from the prior quarter and an increase of 120% from the $4,9 million reported in the fourth quarter a year ago. The company’s fiscal Q4 GAAP net income from continuing operations was $5,7 million or $0,12 per share, compared to $3,1 million and $0,07 per share in the third quarter and $2,7 million and $0,06 per share in the fourth quarter a year ago.
ON Semiconductor announced that total revenues in the second quarter of 2010 were $583,3 million, an increase of approximately 6% from the first quarter of 2010. During the second quarter of 2010, the company reported GAAP net income of $78,7 million, or $0,18 per fully diluted share. Included in the operating expenses during the second quarter of 2010 was approximately $4 million of acquisition related expenses. During the first quarter of 2010, the company reported a GAAP net income of $63,0 million, or $0,14 per fully diluted share.
Atmel announced financial results for its second quarter ended 30 June. Revenues were $393,4 million, up 13% from $348,5 million in the first quarter of 2010 and up 38% from $284,5 million in the second quarter of 2009. Net loss, on a GAAP basis, was $36,4 million or $0,08 per diluted share. The second quarter net loss compares with a GAAP net income of $16,6 million or $0,04 per diluted share in the first quarter of 2010 and a net loss of $12,4 million or $0,03 per diluted share in the second quarter of 2009.
Anadigics reported second quarter 2010 net sales of $51,7 million, a sequential increase of 18,7% and an increase of 64,2% above the second quarter of 2009. For the six months ended 3 July, net sales were $95,2 million, up approximately 54% over the prior year. GAAP net income for the second quarter of 2010 was $0,8 million, or $0,01 per share.
Companies
Enel Green Power, Sharp and STMicroelectronics have signed a binding letter of commitment for a project financing agreement for 150 million Euros for the development of what will be Italy’s biggest photovoltaic panel factory. The equal share joint venture, named 3Sun, will start operations at the factory in Catania (Sicily) and produce photovoltaic panels for an initial capacity of 160 MW per year.
Tektronix Communications has signed a definitive agreement to acquire Arbor Networks, a provider of network security and management solutions for converged carrier networks and next-generation data centres. The acquisition is expected to close in September; financial details were not disclosed.
Industry
Global sales of semiconductors in the second quarter of 2010 grew to $74,8 billion, an increase of 7,1% from the first quarter total of $69,9 billion, the Semiconductor Industry Association (SIA) reported. June 2010 sales of $24,9 billion were 0,5% higher than May’s figure of $24,8 billion. Worldwide semiconductor sales of $144,6 billion for the first half of 2010 were more than 50% higher than the same period of 2009 when sales were $96,1 billion. The SIA expects that sequential growth rates will moderate in the coming months, with the result that year-on-year growth for the industry will be in line with its mid-year forecast of 28,4%.
The cellular M2M communication market has been a challenging place for cellular embedded module vendors over the past 18 months. 2007 was this market’s last ‘good year’: 2008 saw both shipment volumes and revenue decrease. However, unit shipment volume growth and the growing importance of 3G are already resulting in stronger performance and a new ABI Research study estimates that the market will be worth $3,8 billion in 2015. The market is also showing some significant merger and acquisition activity. Last year, for example, Sierra Wireless acquired Wavecom; and more recently, Gemalto acquired Cinterion, a move which, according to ABI, is likely to lead to positive results for the company, provided that Gemalto focuses on differentiating the Cinterion market offer with an end-to-end platform.
Synopsys recently launched the DesignWare USB Software Alliance Programme with USB software providers emsys, Jungo, MCCI and MicroDigital as inaugural members. This alliance programme establishes an ecosystem of qualified USB software providers for drivers, firmware and stacks which have proven interoperability with Synopsys’ DesignWare USB 2.0 and SuperSpeed USB 3.0 IP.
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