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Posts tagged “Semiconductors ”

Updated 1:41 p.m. today

IBM pays Globalfoundries $1.5B to take over chip group; earnings miss; shares plunge

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.

An IBM semiconductor An IBM semiconductor

Updated 1:37 p.m. today

Rank-and-file IBMers pay the price as Big Blue's reboot accelerates

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.

Virginia Rometty Virginia Rometty

Updated 12:32 p.m. today

Premium Lock IBM's chip deal is a 'key step' in its transformation

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.

Inside an IBM data center Inside an IBM data center

October 17

NC award for Bob Ingram; CED's parties; Amazon hiring 80,000; AMD layoffs; FBI warns on phone encryption

Bulldog 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.

October 15

Premium Lock Inside Intel: Even as PC chip demand rebounds, Intel eyes Internet of Things for growth

Intel 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.

October 9

Former Lenovo, IBM exec Rory Read is out as CEO at AMD

Rory Read Rory Read, who bolted Lenovo to become CEO at chip maker AMD, is out. He has been replaced by Lisa Su effective immediately, the company announced Wednesday.

September 19

Premium Lock Cisco plans to buy semiconductor memory firm

Chip innovation Cisco built its success on routers to run the Internet, and it's always looking for faster ways to move data. It's latest strategy for faster switches is to buy privately held Memoir Systems.

August 25

Premium Lock 'Cutting-edge' NCSU professor receives 'Medal of Honor' for semiconductor research

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.

Jay Baliga, professor of Electrical and Computer Engineering at North Carolina State University Jay Baliga, professor of Electrical and Computer Engineering at North Carolina State University

August 13

Premium Lock Inside Cree: CFO hints new market push in earnings call

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?

The new Bay Bridge span illuminated by Cree LEDs The new Bay Bridge span illuminated by Cree LEDs

Updated July 15

Premium Lock IBM joins $635M semiconductor effort in New York

IBM                   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.

Updated May 21

Premium Lock 'WBG' could be future of semiconductors- and Raleigh startup is at forefront

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.

Comparing WBG to standard silicon materials Comparing WBG to standard silicon materials

Updated May 7

Premium Lock Going for Chrome: Lenovo lands good reviews for new Google laptops

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.

The new Lenovo N20p convertible Chromebook The new Lenovo N20p convertible Chromebook

Updated February 24

Premium Lock Semiconductor firm RF Micro to buy rival for $1.59B

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.

RFMD, TriQuint tout the deal in an infographic RFMD, TriQuint tout the deal in an infographic

Updated February 10

Premium Lock IBM can't find chip buyer, reportedly seeks joint venture

IBM                   IBM is focused on finding a joint-venture partner for its chip- manufacturing business after failing to attract a buyer for the division, two people with knowledge of the matter tell Bloomberg news.

Updated February 7

Premium Lock Reports: IBM looking to sell semiconductor manufacturing

IBM                   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.

January 18

Premium Lock Intel to cut more than 5,000 jobs as PC chip demand falls

Job cuts 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.

January 17

Premium Lock Inside Intel's earnings: Revenues increase as PC markets stabilize; 2014 looks brighter

Intel Analysis: Intel is banking on new chip development with a focus on mobile devices and a continuing expansion of its data center portfolio to drive growth in 2014.

Updated January 16

Premium Lock Obama brings national attention to Triangle's semiconductor, cleantech sectors

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.

ABB workers position semiconductors ABB workers position semiconductors

Updated January 16

Premium Lock New chip initiative charges up Triangle's Cleantech Cluster

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.

President Obama with Marc Hoffman, Senior Mechanical Engineer at Vacon President Obama with Marc Hoffman, Senior Mechanical Engineer at Vacon

Updated January 16

Premium Lock RTP-based SRC launches $9M effort for secure semiconductors

SRC The Semiconductor Research Corporation is teaming up with industry and academic partners to develop "Trustworty and Secure Semiconductors and Systems." Intel and AMD are among the partners.

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