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© begemot 30 dreamstime.com Business |

Littelfuse raises guidance for second quarter

Littelfuse, Inc. has revised guidance for the second quarter of 2017 upward.

  • Sales for the second quarter are now expected to be in the range of USD 312 to 314 million, compared to previous guidance of USD 301 to 311 million.
  • GAAP diluted earnings per share guidance range for the second quarter is expected to be USD 2.09 to 2.13.
  • Adjusted diluted earnings per share guidance range for the second quarter is now expected to be USD 2.08 to 2.12, compared to previous guidance of USD 1.83 to 1.97.
  • Adjusted diluted earnings per share excludes expenses relating to integration of acquisitions and non-operating foreign exchange gains and losses.
The revised second quarter guidance is primarily due to stronger demand exceeding the forecast across the electronics segment and a lower adjusted effective tax rate for the second quarter, due to a discrete tax benefit resulting from the new stock compensation accounting guidance.
Nordic Semi has ambitious plans for Bristol expansion Norwegian fabless manufacturer Nordic Semiconductor, is moving into a new Bristol office development.
Infineon ends 1Q23 on a high note – raises its outlook "Infineon is staying on course in choppy waters, and the first quarter of our 2023 fiscal year has been very profitable. Substantial parts of our business have proved robust even in a weaker macroeconomic environment," says Jochen Hanebeck, CEO of Infineon.
ASM to invest $100 million in its South Korean operations ASM says that it intends to invest around USD 100 million in its manufacturing and innovation center in Dongtan, South Korea, by 2025, following the signing of a Memorandum of Understanding between ASM and the country's Ministry of Trade, Industry and Energy (MOTIE).
Integra selects Kansas for OSAT semiconductor project U.S. Outsourced Semiconductor Assembly and Test (OSAT) company, Integra Technologies and Kansas Governor Laura Kelly jointly announced that the State of Kansas approved Integra's Attracting Powerful Economic Expansion (APEX) incentive application.
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Macom to acquire assets and operations from Ommic SAS Macom Technology Solutions has entered into a definitive agreement – via one of its French subsidiaries – to acquire the assets and operations of French semiconductor manufacturer Ommic SAS for EUR 38.5 million.
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LG Innotek prepares for mass production of FC-BGA substrates The South Korean company is gearing up for mass production of flip chip ball grid array (FC-BGA) substrates in the fourth quarter of 2023, accelerating its push into the high-end substrate market.
Veeco acquires Epiluvac AB Veeco Instruments has acquired Epiluvac AB, a privately held manufacturer of chemical vapor deposition (CVD) epitaxy systems that enable advanced silicon carbide (SiC) applications in the electric vehicle market.
Western Digital gets $900 million investment Memory chip maker Western Digital says that it will receive USD 900 via a convertible preferred stock deal from Apollo Global Management and Elliott Investment Management.
Wolfspeed to build the world's largest 200mm SiC fab in Germany US SiC specialist Wolfspeed says it will build the world’s largest 200mm Silicon Carbide device fab in Ensdorf, Germany, together with automotive supplier ZF.
Flip Electronics acquires manufacturer of obsolete semiconductors Flip Electronics, an independent franchised distributor of semiconductor components, is acquiring Resurgent Semiconductor.
Intel pulls the plug on Oregon investment as it cuts cost Back in May 2022, Intel announced that it would invest USD 700 million to build a “mega lab” in Hillsboro, Oregon. That plan has now been scrapped as the company is looking to reduce costs.
EU Parliament adopt legislation to boost EU chips industry Last week, the European Parliament’s Committee on Industry, Research and Energy (ITRE) voted to approve the proposals for the EU Chips Act made by the European Commission.
Digi-Key launches Global Capability Centre in India Electronic component distributor, Digi-Key Electronics, has officially launched its first Global Capability Center (GCC), a 30,000 square foot facility in Bhartiya City, Bengaluru, India.
YMTC to slash 10% of the workforce Late last year Chinese memory chipmaker, Yangtze Memory Technologies Corp (YMTC), was added to the US “entity list” – a trade blacklist. Now the company is reportedly getting ready to reduce its workforce by up to 10%.
Jenoptik receives order in the semiconductor equipment field The Jenoptik photonics group says it concluded a framework agreement with an unnamed global technology group at the end of 2022 which is valued at the upper double-digit million euro range.
Layoffs at Intels operations in California In three separate WARN notices, Intel announces that it will lay off 544 employees in California.
Polar Semiconductor to expand fabrication facility Allegro MicroSystems says that Polar Semiconductor, a company jointly-owned by Allegro and Sanken Electric, and one of Allegro’s primary suppliers of 200-millimeter wafers, is expected to receive a USD 150 million equity investment to expand its Bloomington, Minnesota fab.
onsemi and VW in strategic collaboration on SiC technology onsemi has signed a strategic agreement with Volkswagen to provide modules and semiconductors that enable a complete electric vehicle (EV) traction inverter solution for VW’s next-generation platform family.
ASMPT opens European semiconductor centre of competence ASMPT has opened its first European SEMI Centre of Competence (CoC) in Regensburg, Germany.
Allegro MicroSystems opens new R&D centre Allegro MicroSystems plans to open a new US-based office located in Richardson, Texas.
Murata adds another manufacturing building to its network Komoro Murata Manufacturing, a manufacturing subsidiary of Murata, has completed the construction of a new production building that had been under construction since November 2021.
ASML reports €21.2 billion net sales in 2022 The Dutch company finished the year on a strong note as it reports fourth-quarter net sales of EUR 6.4 billion, bringing the year total up to EUR 21.2 billion.
Boston Semi receives orders for pressure MEMS handlers Bston Semi Equipment (BSE) says that a multinational manufacturer of MEMS sensors has placed a repeat order for multiple Zeus gravity handlers used in the testing of its advanced tire pressure monitoring system (TPMS) sensors.
Texas company moves all its manufacturing to Skywater VORAGO Technologies, a Austin, Texas-based high technology company providing radiation-hardened and extreme-temperature solutions, is moving all its manufacturing stateside in a strategic partnership with semiconductor foundry, Skywater Technology.
Rochester receives certification for automotive production Rochester Electronics are now IATF 16949:2016 certified for the manufacture of semiconductor components at our US-based facilities.
Bosch plans to acquire eesy-ic GmbH With the planned acquisition, Bosch further expands its semiconductor activities for the automotive market.
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February 01 2023 11:01 pm V20.12.5-1
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