Components | October 19, 2011
Microchip cautious on 2Q net sales
Microchip Technology expects its net sales for its second quarter of fiscal 2012 ending September 30, 2011, to be down about 9.1% sequentially and be about $340.6 million.
On August 4, 2011, Microchip provided guidance of net sales to be down sequentially by 1% to 6% (or $352.0 to $370.8 million). Microchip also announced that second quarter fiscal 2012 GAAP earnings per share is expected to be approximately 38 to 40 cents and non-GAAP earnings per share is expected to be approximately 45 to 47 cents. On August 4, 2011, Microchip provided guidance of GAAP EPS of 44 to 48 cents and non-GAAP EPS of 50 to 54 cents for the second quarter of fiscal 2012. “Our net sales activity in the September quarter did not progress as we originally expected,” said Steve Sanghi, Microchip’s President and CEO. “Entering the September quarter we anticipated that business conditions would continue to be impacted by weak, broad-based demand conditions, but would begin to improve towards the latter part of the quarter from the seasonal Christmas builds in Asia. Instead we experienced incrementally stronger headwinds and saw no seasonal Christmas build, which in turn adversely impacted all of our product lines and sales channels. The overall global economic outlook continues to be poor and is adversely impacting our business as well as the rest of the semiconductor industry.” “While we are disappointed with our September quarter results, we continue to see excellent design win traction in our microcontroller and analog product lines and maintain a strong competitive position. Net sales from our 32-bit microcontroller business was up 10.4% sequentially, and our licensing business was up 6.4% sequentially, both setting new records in the September quarter. Additionally we shipped our 10 billionth microcontroller during the quarter,” added Mr. Sanghi. Mr. Sanghi concluded, “We will provide revenue and full financial guidance for the December 2011 quarter during our November 3, 2011, financial results conference call.” “Many investors have seen coverage of the terrible floods that are affecting Thailand, mainly in areas north of Bangkok,” said Ganesh Moorthy, Microchip’s Chief Operating Officer. “Our two facilities are located almost 50 miles east of Bangkok, and are running normally and meeting customer demand for our products. While our supply chain in Thailand has been stable, we have taken steps to secure additional inventory to support production needs, as well as adding alternative suppliers to mitigate our supply risk. We are monitoring the situation for the safety of all our employees, while ensuring that our factories in Thailand continue to operate normally to support our customers.”
AKKA is now a majority owner of Data Respons Following the closing of the voluntary offer period, AKKA holds 72.89% of Data Respons’ share capital.
Sequans and Avnet sign global distribution deal Sequans Communications S.A. and Avnet have entered into a distribution agreement whereby Avnet will promote and sell Sequans’ IoT chips and modules and will exclusively promote and sell Monarch Go, an LTE-M/NB-IoT modem component designed for and certified by Verizon.
Synopsys completes acquisition of certain IP assets from INVECAS Synopsys, Inc. has completed its acquisition of certain IP assets from INVECAS. This acquisition broadens Synopsys' DesignWare Logic Library, Embedded Memory, General Purpose I/O, Analog, and Interface IP portfolio.
Qualcomm: Coronavirus may impact phone industry Chip maker Qualcomm Inc has issued a statement that the coronavirus outbreak in China poses a potential threat to the mobile phone industry.
South Korean supplier to set up manufacturing in Hungary Soulbrain, a South Korean materials company supplying chemicals used in semiconductors, displays and battery cells, is establishing its first European unit in Tatabánya in Hungary.
Seven major chip acquisitions valued at USD 1bn or more Semiconductor merger and acquisition activity strengthened in 2019 after pulling back in the two previous years from historic high levels of M&A agreements in 2015 and 2016.
Jenoptik is expecting further growth in 2020 Despite difficult economic conditions, Jenoptik continued to grow in 2019.
ams reports record results for full year 2019 Austrian sensor manufacturer ams reports that its revenues for 2019 was up 32% year-on-year, and fourth quarter revenues exceeded expectations with strong adjusted operating profitability.
Xperi enters into a patent and technology license deal with SK hynix Xperi Corporation has entered into a new patent and technology license agreement with semiconductor manufacturer SK hynix.
Communications equipment makers want high power outputs and small solution footprints Many communications systems are powered via a 48 V backplane. This voltage is normally stepped down to a lower intermediate bus voltage, typically to either 12 V, 5 V, or even lower, in order to power the racks of boards within the system.
Pennsylvania’s AMETEK acquires IntelliPower AMETEK Inc. has purchased IntelliPower, designer and manufacturer of high-reliability external battery packs and power conditioners and distribution units for defense and industrial applications.
Nuvia unveils first NA office, new leadership Santa Clara-based silicon design start-up NUVIA Inc. has opened its first international office in Toronto, Ontario, Canada.
Murata completes new production building in Japan One of Murata’s manufacturing subsidiaries – Fukui Murata Manufacturing Co., Ltd. – has completed the construction of a new production building in Echizen City on the Fukui Prefecture, Japan.
Synapse opens two offshore semiconductor design centres Synapse Design has officially opened its newest semiconductor design centers: One in Ahmedabad, India and one in Penang, Malaysia. With the addition of these two design centers, the company now has eight offshore design centers (ODC).
Amtech receives order from power semiconductor customer in Asia Amtech Systems says that its subsidiary, Bruce Technologies, Inc., has received a significant new order for its full 300mm clustered HTR diffusion furnace from a top-tier global power semiconductor customer in Asia. The furnace is expected to ship in fiscal Q1 2021.
Osram starts the year with a strong first quarter After a challenging fiscal year 2019, Osram has made a robust start to fiscal 2020. On a comparable basis, revenue in the first quarter (ending December) grew slightly by 0.5% to EUR 873 million.
Presto acquires DELTA Microelectronics business from FORCE Technology Presto Engineering, an outsourced operations provider to semiconductor and (IoT) device manufacturers, has acquired the DELTA Microelectronics business unit of FORCE Technology, the European provider of ASIC supply chain services.
Infineon: 'Our cost reduction measures are beginning to take effect' In the first three months of the 2020 fiscal year, Infineon's revenue decreased by 7% from EUR 2,062 million to EUR 1,916 million quarter-on-quarter.
Lam Research to expand global footprint Lam Research Corporation has selected Batu Kawan Industrial Park in Penang, Malaysia as the location for a new advanced technology production facility.
ON Semi looking to sell its manufacturing facility in Belgium ON Semiconductor says that it is exploring a sale of its manufacturing facility in Oudenaarde, Belgium.
TDK Ventures invests in electric air mobility company AutoFlightX TDK's subsidiary, TDK Ventures, has made an investment in eVTOL air-cargo and air-taxi company, AutoFlightX.
Microchip and Arrow collaborate on edge IoT security Microchip Technology and Arrow Electronics are teaming upp to simplify connectivity and security across industrial, smart building and energy markets.Load more news