Net income in the period ended September 3 fell to US$471 million, or 42 cents a share, from US$1.15 billion, or 96 cents, a year earlier.

Applied Materials dropped to its lowest price since December 2013 after forecasting fiscal fourth-quarter sales that trailed analysts' estimates.

Lenovo is laying off 3,200 employees and trimming down its smartphone portfolio in response to a slowdown in its PC and handset sales.

Japanese tech giant Sony saw its net profit more than triple in the April-to-June quarter, helped by strong sales of its PlayStation 4 games and camera sensors.

Lalvani has more than 20 years of experience in sales, business development, strategic planning and business operations across the IT and telecom sectors.

ARM, the chip designer whose technology powers almost all smartphones, reported sales that missed analysts' estimates after device shipments by customers including Apple Inc. trailed predictions.

The European Commission (EC), the administrative and executive body of the 28-nation European Union (EU), has opened two antitrust investigations into the behavior of Qualcomm with regard to its market dominance of semiconductors used in consumer electronics.

Not so long ago, the release of a new Windows operating system was a sure bet to drive a massive PC refresh cycle, boosting sales by double digit percentages. But that is a thing of the past.

Sales of the new Apple Watch have plunged by 90% since the opening week, according to a new market-research report.

"We expect to see continued overall business strength in the second half of 2015 due to increased demand from memory and foundry customers compared with our previous expectations," ASML president and CEO Peter Wennink said.

Sales of PCs that used Micron's memory chips dropped faster than the company expected in 2015 triggering a 50% stock plunge. That drop helped set the stage for Micron, which is known for buying other companies' chip operations, to become a target.

Tumbling markets and economic uncertainty in China pose a risk to major chipmakers such as Qualcomm that derive a big portion of their sales from the world's second-largest economy.

Doubts over the sales prospects of Samsung Electronics' new flagship smartphones are damping expectations of a rapid turnaround for the South Korean giant, even though profit likely continues to recover from last year's troughs.

Samsung Electronics saw the sales of dynamic random access memory (DRAM) reach to a record level in the first quarter of 2015, industry data showed Monday, with its market share also hitting its highest since 2011.

Cisco plans to invest $10 billion in China, although its sales in the country are slumping due in part to persistent security concerns surrounding US technology.

Chip makers are feeling pressures to find new sales, including by merging with rivals, amid declines in some businesses such as personal computers and rising expectations for margin growth.

In the data center, where Intel has handily trounced AMD in sales of server microprocessors, there is still a need for x86-compatible chips, of which AMD holds the only cards outside Intel. That could make AMD a target in the data center for Xilinx or for Chinese state-owned investment vehicles.

Xilinx has reported that revenue fell 8.2%, missing expectations for the quarter ended in March and the chip maker's sales guidance for the current period missed analysts' estimates.

Broadcom has reported solid results for the first quarter of 2015, with revenue driven by high-end smartphone and broadband access markets.

Booming sales and manufacturing of smartphones in China by upstart brands such as Xiaomi have helped to make the country's electronics industry one of the world's largest.

Chinese smartphone maker Xiaomi has decided to sell devices through a leading electronics retail chain in India, part of its effort to move away from online-only sales and boost growth in the world's third-largest smartphone market.

Taiwan's Foxconn Technology Group, the world's largest contract electronics manufacturer, will cut its massive workforce, the company told Reuters, as the Apple supplier faces declining revenue growth and rising wages in China.

Growth in vehicle sales in the world's largest car market, China, halved last year as the country's economic expansion slowed.

Technology giant Apple says it cannot sell products online in Russia because the rouble's value is too volatile for it to set prices.

An India court partially lifted a sales ban on Xiaomi, saying the world's third-largest smartphone vendor could import devices as long as they use chips from Qualcomm.

Samsung Electronics' semiconductor sales are expected to jump 15.6% on year in 2014, closing the gap with industry leader Intel, a global market tracker said Sunday.

Marvell Technology has forecast lower-than-expected revenue for the current quarter as weak demand for its chips used in third-generation mobile communication offset a rise in sales of its more profitable 4G LTE chips.

Trade negotiators from China and the US have reached a preliminary deal they say could end tariffs on as much as a trillion dollars in annual global sales of high-tech goods, eliminating tariffs as high as 25% on some next-generation semiconductors. The deal requires approval of the World Trade Organization, which could take up the issue as early as December.

Korean manufacturers' smartphone exports dropped by 35.5% year-on-year in October 2014 due to the release of Apple's iPhone 6 and a rapid sales decline in China and the ASEAN region.

Lenovo Group On Thursday said its net profit for the quarter through September rose 19% on growing sales of both personal computers and smartphones.

Samsung is expected to start producing application processors (APs) for clients such as Apple, Qualcomm, and AMD, using its 14-nanometre process around the end of the year.