Posts tagged “Semiconductors ”
IBM will make payments to privately held chipmaker Globalfoundries over three years totalling $1.5 billion, but it will take a $4.7 billion charge in the third quarter. Big Blue also released its earnings report, which fell short of Wall Street expectations. Shares quickly fell 8 percent.
IBM is shedding workers faster than trees drop leaves. More than 7,000 in the x86 server sale to Lenovo. Thousands more in giving away - yes, literally giving away with a $1.5 billion cash bonus - by dumping its chip business. And coming next? A $600 million resource action. In other words, more layoffs. One thing is clear: As IBM reported a drop in revenue for the 10th consecutive quarter its management is doubling down on more, rapid changes.
Analysis: The sales of lower-value and less-profitable product lines such as its semiconductors and X86 servers are a key step in IBM's transformation to a provider of higher-value hardware, software and services. Furthermore, IBM has identified the strategic growth areas of cloud, big data and analytics, security, social and mobility to better serve customers' evolving IT needs. These technologies are the focus of IBM's investment strategy and continue to be the strongest performing pieces of the company's solutions portfolio, writes Stephen Belanger of Technology Business Research.
NC award for Bob Ingram; CED's parties; Amazon hiring 80,000; AMD layoffs; FBI warns on phone encryption
In today's Bulldog wrapup on technology and life science news: Former GSK exec Bob Ingram to receive NC honor; the CED plans 30th anniversary parties; Amazon is hiring big time; AMD is cutting jobs; and the FBI director warns against cellphone encryption.
Analysis: PC and Data Center chip demand help Intel deliver highest quarterly revenue in company history. But Intel also is strategically positioning itself to be on the leading edge of computing and connected devices which comprise the Internet of Things.
From the White House to London, NCSU professor Jayant Baliga has received multiple awards for semiconductor research. He added another on Saturday - the highest award in his field - the Medal of Honor from the Institute of Electrical and Electronics Engineers.
Cree reported record income for its last fiscal year on Tuesday and forecast future revenue that didn't quite match analysts' expectations. The news sent Cree shares down in after-hours trading. But in a conference call with analysts, Chief Financial Officer Mike McDevitt dropped a hint that Cree is eyeing another market for growth. So what's Cree thinking?
IBM is joining a public-private sector consortium targeting semiconductor research and production in the state of New York. It's the second largest commitment to chips IBM has made in the past two weeks even as rumors continue to swirl that Big Blue is trying to sell its big chip complex in East Fishkill, N.Y.
GridBridge is an emerging company in the semiconductor space, and the NCSU spinout looks to be a major player in so-called "wide band gap" technology. According to the Department of Energy, "WBG" promises improved, more efficient energy which in turn could mean "vastly superior" electronics and optics. In part two of an interview, GridgBridge CEO Chad Eckhardt talks about his company and WBG.
The early reviews are in, and Lenovo gets good marks for its latest notebooks. Lenovo is offering first two consumer notebooks running Chrome. Meanwhile, a widening selection of Chromebooks signifies the building momentum for Google's attempt to create a compelling alternative to Windows-powered machines and Apple Inc.'s Mac computers.
Greensboro-based RF Micro Devices is buying TriQuint Semiconductor in a $1.59 billion deal. Bob Bruggeworth, CEO at RFMD, will run the merged companies. RF Micro is a partner in the recently announced Department of Energy project at NCSU.
Both The Wall Street Journal and The Financial Times are reporting that IBM is looking to sell its semiconductor manufacturing business. If so, it would be the latest move by IBM to quit manufacturing.
The purge represents about 5 percent of the roughly 108,000 jobs that Intel had on its payroll at the end of December. The company intends to jettison the jobs without laying off workers, said Intel spokesman Bill Calder. The reductions instead will be achieved through attrition, buyouts and early retirement offers.
North Carolina State University will lead a group of six universities and 18 private-sector companies - including Durham-based Cree, ABB, RFMD and Vacon - in a new manufacturing innovation institute that President Barack Obama announced during his Wednesday visit to the Triangle.
President Obama's announcement to invest $70 million in federal dollars in research through a consortium of universities and private sector firms led by NCSU delivered a jolt of good news to the Triangle's fast-growing cleantech industry. RTP has become a hub for greener energy research, and the head of the Research Triangle Cleanteach Cluster says the "Next Generation Power Electronics Innovation Institute" could bring more jobs as well as investment to the region.