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3 Feb 20092 Feb 200924 Jan 200923 Jan 200922 Jan 2009
Bizjournals.com
Rambus's case against Micron may be headed for dismissal if comments by federal judge Ronald Whyte are any indication. According to Whyte, a Delaware court's decision earlier this January to throw out Rambus' claims based on spoliation leave him no room for discretion.
Ars Technica
Renesas Technology has announced a variety of structural reforms that will be undertaken to reinforce its business structure as part of the company's key strategy in achieving growth from FY2009 onward.
Semiconductor International
Applied Materials lowered its earnings forecast Monday, saying it expects sales at the low end of its projected range for the first quarter as the chip-tools maker struggles through what it described as "unprecedented business conditions."
CNNMoney
Shares in Japan's Hitachi slid 17% to their lowest in 29 years after it shocked investors with a record $7.8 billion annual loss warning and offered a cost-cutting plan that failed to instill confidence in a quick recovery.
Reuters
Micron Technology and Mosaid Technologies said Monday that they have settled all pending litigation between them.
Marketwatch.com (Dow Jones)
Spansion's president and chief executive, Bertrand Cambou, has resigned as the chip company, struggling with declining revenue, looks for a suitor.
AP (via Forbes)
SanDisk said Monday that hefty charges to write down the value of assets and inventory amid industrywide price reductions forced the world's largest supplier of flash memory cards to post a larger-than-expected fourth-quarter loss.
AP (via Google)
Qimonda has four weeks to find an investor to save the core of its insolvent memory chip business before having to close production and dismiss 12,000 workers, say people close to the company. Rival chipmakers have shown the "first signs of interest" in Qimonda, since it filed for insolvency last week.
The Financial Times
The collapse of German chip-maker Qimonda into insolvency sparked worries over its parent company Infineon. Qimonda has more than 12,000 workers worldwide, with some 3,500 in Saxony, 1,500 in Munich and several thousand in Portugal. Its New York-listed shares have fallen 95.0% over the past year, while Infineon's Frankfurt shares have fallen 88.2%.
Forbes
Mosaid Technologies says it hasn't been affected by the pending insolvency filing of German customer Qimonda AG, but the assurance didn't prevent a drop in MSD stock.
The Canadian Press (via Google News)
Battered Asian memory chip makers will get some respite from oversupply in the long term after German chipmaker Qimonda filed for insolvency but the industry's recovery depends on a pick-up in demand.
The Guardian
Information Week
Fierce Wireless
CEOs from US-based leading technology companies, in a meeting with President Obama, came out strongly in support of the economic recovery package moving through Congress and called for policies that make the US the most attractive destination for businesses, workers and capital.
Company release
South Korea denied a report it would offer for sale stakes in chipmaker Hynix Semiconductor and 17 other companies via international auction, but confirmed plans to attract investment into state-run assets. The Asia's fourth-largest economy posted its second-biggest contraction on record in the last quarter of 2008.
Reuters
Samsung Electronics announced that it has developed the first 4Gbit DDR3 DRAM chip using a 50nm lithography process. The new chip doubles the density of earlier DRAM chips, yielding modules with up to 32GB capacity.
Computerworld
Zarlink Semiconductor has taken proactive measures to protect its foundry base. This is following MHS Electronics UK Ltd.'s advice that it is likely to cease wafer shipments to Zarlink from the analog foundry in Swindon, UK.
EE Times
Asian stocks fell for the first time in four days, led by banks and technology companies, as a record slump in Japanese factory production and lower profit forecasts renewed concern the global slowdown is deepening.
Bloomberg
Reiterating the 'severe deterioration' in order intake caused by the global economic recession, lithography toolmaker ASML has announced that its 2008 fourth-quarter sales hit 494 million euros--a 29% drop from the previous quarter, and a 48% decline year-over-year. The quarterly sales fall within ASML's revised guidance, which the company announced last month along with reorganizing efforts that includes a layoff of 12% of its workforce. Full-year 2008 net sales were 2.95 billion euros, down 21.6% over 2007.
Semiconductor International
SanDisk said that it had signed a definitive agreement with Toshiba to restructure the Flash manufacturing joint ventures operating at the 300mm Fab 3 and Fab 4. The result of the agreement will be basic SanDisk's transition to fabless flash-based products manufacturing.
x-bit Labs
Hitachi said the job cuts would be made globally across its car equipment and electronics divisions. The Japanese electronics and engineering group had previously predicted it would make a net profit of 15bn yen in the year to 31 March 2009.
BBC News
Chartered Semiconductor Manufacturing said it would cut 600 jobs, about 8% of its global work force, as it swung to a fourth-quarter net loss amid a drop-off in demand and delayed deliveries.
Wall Street Journal
In a statement Wednesday, the Semiconductor and Electronics Industries of the Philippines said one of the hardest hit sector is the semiconductor and electronics industry, as global demand continues to slide.
Business Week
Japanese electronics giant NEC has become the latest company to announce massive job cuts. The company revealed on Friday that it would be forced to undertake a major restructuring in which roughly 20,000 jobs will be shed. The cuts will come from both the Japanese and worldwide operations of the company.
Vnunet.com
Many chip makers and analysts had predicted, as recently as earlier this month, that improvements in the semiconductor market could begin in the second half of 2009 as the chip inventories throughout the tech supply chain bottom and tech companies look to restock shelves with new products. But recent signs suggest a turnaround remains distant, and investors who have been piling into chip stocks could now be regretting their early advances.
CNNMoney
The technology industry suffered another black day yesterday (January 30) as a host of big names including NEC and Hitachi, said they would make large losses in the year to March. Toshiba and NEC Electronics warned they would incur losses in the year to March. Even star performer Nintendo cut its profit forecast.
The Financial Times
Toshiba is in talks to merge part of its chip operations with the semiconductor unit of NEC, a person with knowledge of the negotiations said, as they struggle with slumping demand and prices.
International Herald Tribune
Qimonda AG, the distressed German memory-chip maker majority-owned by Infineon Technologies AG, on Friday said it has filed for bankruptcy, barely a month after it secured 325 million euros ($422 million) in emergency loans.
CNNMoney
To combat the crisis, Chancellor Angela Merkel is buying stakes in banks and bailing out industries. Is there no limit?
Business Week
As the price of oil plunged from its peak last summer, solar and other forms of renewable energy became relatively less cost-competitive—dampening demand from industrial, commercial, and residential customers. At the same time, the credit squeeze has made it harder for customers, whether power companies or energy-conscious homeowners, to finance solar projects. Some also are holding back in anticipation that solar equipment prices will fall even further.
Business Week
Shares of Seagate Technology tumbled to a 52-week low Thursday after the hard-drive maker posted disappointing second-quarter results and gave a third-quarter outlook below Wall Street's expectations.
Business Week
The bailout of financially troubled German memory chip maker Qimonda AG could be at risk as the company has an additional financing gap due to detoriating memory chip prices, people familiar with the matter told Dow Jones Newswires Thursday. The financing gap is around EUR300 million, these people said. One of them said additional financing needs may rise by the end of current calendar year.
Wall Street Journal
Sumco, the world's second-largest maker of silicon wafers, lowered its full-year profit forecast 44%, citing a slump in demand amid a global recession. "While market visibility in December and January is best described as fumbling in complete darkness, we expect the conditions to bottom out in February to March," said company president Kenjiro Shigematsu.
Bloomberg
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