Overseas
Business
Ramtron reported total revenue of $15,0 million for the first quarter of 2012, a 42% increase compared to $10,6 million for the first quarter of 2011. Net income for the first quarter of 2012 was $445 000, or $0,01 per share, compared with a net loss of $2,4 million, or $0,09 per share, for the first quarter of 2011.
Infineon Technologies reported results for the second quarter of the 2012 fiscal year, ended 31 March. Revenue was 986 million Euros, up from the 946 million Euros of the immediately preceding quarter but down from the 994 million Euros recorded in the second quarter of the previous year. Net income was 111 million Euros (10 cents per diluted share), compared to 96 million Euros (9 cents per diluted share) in the first quarter of 2012 and 572 million Euros (50 cents per diluted share) in the second quarter of 2011.
Atmel announced financial results for its first quarter ended 31 March. Revenue was $357,8 million, a 7% decrease compared to $383,6 million for the fourth quarter of 2011, and 22% lower compared to $461,4 million for the first quarter of 2011. GAAP net income totalled $20,4 million or $0,05 per diluted share for the first quarter of 2012. This compares to $32,9 million or $0,07 per diluted share for the fourth quarter of 2011 and $74,6 million or $0,16 per diluted share for the first quarter of 2011.
ON Semiconductor announced that total revenues in the first quarter of 2012 were $744,4 million, a decrease of approximately 3% from the fourth quarter of 2011. During the first quarter of 2012, the company reported GAAP net income of $28,2 million, or $0,06 per fully diluted share. The company expects second quarter revenues of $745 to $785 million.
Net sales for Microsemi’s second quarter of 2012 achieved a record $249,3 million, up 20,2% from the prior year’s second quarter and up 3,5% from the prior quarter. GAAP net loss (which included the effects of Thailand flood-related charges) was $4,8 million or $0,06 per diluted share, compared to a net loss of $44,6 million or $0,52 per diluted share in the prior quarter and a net loss of $19,1 million or $0,23 per diluted share in the prior year second quarter.
Fairchild Semiconductor announced results for the first quarter ended 1 April, with first quarter sales of $352,2 million, up 4% from the prior quarter and 15% lower than the first quarter of 2011. First quarter net income was $1,6 million or $0,01 per diluted share compared to $21,3 million or $0,17 per diluted share in the prior quarter and $43,5 million or $0,33 per diluted share in the first quarter of 2011.
Companies
Microchip has signed a definitive agreement to acquire Standard Microsystems Corporation (SMSC) for $37,00 per share in cash, which represents a total equity value of about $939 million, and a total enterprise value of about $766 million. The acquisition has been approved by the boards of directors of each company and is expected to close in the third quarter of calendar 2012.
Semtech has acquired Cycleo and all of its assets, related companies and operations. Headquartered in France, privately-held Cycleo develops IP for wireless long-range semiconductor products used in smart metering and other industrial and consumer markets. Under the terms of the agreement, Semtech paid the stockholders of Cycleo $5 million in cash at closing. The stockholders will be able to earn up to an additional $16 million in cash based on the achievement of revenue and operating profit goals over the next four years.
Industry
For 2012, Databeans expects analog IC product revenue to be up by around 3% over last year, to reach $43,8 billion. Analog products fall into two major categories: general-purpose and application-specific. Application-specific product revenue is the larger category with $26 billion in projected 2012 sales, and a CAGR of 8% over the next five years. The general-purpose analog market is expected to reach $17,5 billion in 2012. However, the general purpose segment will also experience higher annual growth rate through the forecast period to 2017.
The Hybrid Memory Cube Consortium (HMCC), led by Micron Technology and Samsung Electronics, announced that Microsoft has joined its ranks. The HMCC is a collaboration of OEMs, enablers and integrators who are cooperating to develop and implement an open interface standard for an innovative new memory technology called the Hybrid Memory Cube (HMC). Although technical details are not yet publicly available, the broadly defined goal of HMC technology is to break through the current ‘memory wall’ with a new architecture that can provide increased density and bandwidth with less power consumption.
According to the Semiconductor Industry Association (SIA), the three-month moving average of worldwide semiconductors sales were $23,3 billion for the month of March 2012, a 1,5% increase from the prior month when sales were $23,0 billion, and a decrease of 7,9% from the March 2011 figure of $25,3 billion. Sales in the first quarter of 2012 reached $69,9 billion, a decrease of 7,9% over last year’s first quarter sales of $75,9 billion and a sequential decrease of 2,2% over the prior quarter.
Texas Instruments remained the world’s No. 1 micro-electromechanical systems (MEMS) manufacturer in 2011, fending off runner-up Hewlett-Packard according to IHS iSuppli. With MEMS revenue of $779,0 million, TI led a competitive field of big-name players in the overall MEMS space, whose sensors and actuators are used in a variety of industries including consumer and mobile, automotive, industrial, medical, and aerospace and defence. Together, the top 10 MEMS players had combined revenue in 2011 of $4,7 billion, up 12% from $4,2 billion in 2010, as shown in the table above. The biggest gains were made by STMicroelectronics with an 82% revenue increase over 2010.
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