Posts tagged “Semiconductors ”
Cree plans to split into two companies, disclosing plans Monday to spin off its profitable power and radio frequency chip business. It already has hired an executive to serve as CEO - Triangle tech veteran Frank Plastina. The move will help current Cree management to focus on its LED business while at the same time generating capital for the power and RF subsidiary, the company says. Wall Street immediately sent Cree shares up 4 percent.
Cree could very well cash in on the proposed spin-off of its Power and RF (radio frequency) businesses. While the group makes up only 6 percent of Cree's annual revenues, its products have a high gross profit margin. And Cree's top exec recently predicted continued growth while LEDs face challenges.
Analysis: Intel's data center business drives corporate profitability amid the firm's ongoing realignment and as PC industry woes drag down chip sales, reports Stephen Belanger of Technology Business Research.
Ikea 'smart' furniture; Aerie's loss; EU modified crop crackdown; $11.8B chip deal; new jet tracking tech
In today's Bulldog wrapup of technology and life science news: Ikea launches "smart" furniture; Aerie Pharmaceuticals reports a loss; EU gives members power to crack down on genetically modified crops; Freescale Semiconductor is sold for $11.8 billion; and new technology will track jetliners.
Cree a 'Top 50' innovative firm; Clinverse's new software; Yelp goes takeout; Qualcomm's $975M fine; Uber's panic button
In today's Bulldog blog wrapup of technology and life science news: Fast Company names Cree a top innovative company; Clinverse adds to its software lineup; Yelp buys Eat24; China fines Qualcomm; and Uber adds a panic button in India.
Phononic, which aims to be the Intel of refrigerators, has wrapped up a cool financing round of $44.5 million. The firm has been raising money since last year. Who are the investors? A local hospital, for one.
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.