Business
Freescale Announces Pricing of Senior Secured Notes Offering
Freescale Semiconductor announced today that Freescale Semiconductor, Inc. priced the previously announced offering of its senior secured notes. The offering consists of $500 million aggregate principal amount of senior secured notes due 2021 (the Notes). The Notes will bear interest at 5.0% and will mature on May 15, 2021.
Rogers Corporation Updates on Cost Improvement Initiatives
Rogers announced today that it is implementing further actions as part of its cost improvement initiatives. These actions are expected to provide substantial cost savings starting in the third quarter of 2013, building to a total annualized net cost savings of approximately $12 million by the first quarter of 2014. These actions include the following:
Altera to Deliver Breakthrough Power Solutions for FPGAs with Acquisition of Power Technology Innovator Enpirion
Altera today announced it has signed a definitive merger agreement to acquire Enpirion. The combination of Altera's FPGAs with Enpirion's PowerSoCs will offer customers higher performance, lower system power, higher reliability, smaller footprint and faster time-to-market.
RITTAL and HEITEC AG Reinforce UK Partnership in Electronic Housing Systems
Rittal and HEITEC announce a strengthening of their already close partnership for the UK market. Over the past three years HEITEC have progressively appropriated (from Rittal GmbH) responsibility for the design, production and packaging of all standard and customer configured electronic solutions.
Synopsys Announces Earnings Release Date for Second Quarter Fiscal Year 2013
Synopsys announced it will report results for the second quarter fiscal year 2013 on Wednesday, May 22, 2013, after the market close. A conference call to review the results will begin at 2:00 p.m. PT (5:00 p.m. ET) and will be hosted by Aart de Geus, chairman and co-chief executive officer, and Brian Beattie, chief financial officer.
Power-One and Microchip Enter Into Patent License Agreement
Power-One announced today that it entered into a non-exclusive, worldwide, Field of Use agreement with Microchip Technology Inc. for Digital Power Technology patents from Power-One. Digital Power Technology drives increased system efficiency, improved design flexibility, faster time to market, decreased board space requirements and lower system costs.
Kontron AG presents cornerstones of new strategy
Kontron held a Capital Markets Day for analysts and institutional investors on April 30. Rolf Schwirz, Kontron AG's CEO, presented the results of his strategic review as well as the cornerstones of his 'The New Kontron' program.
Renesas Announce Changes In Representative Directors And Titles
Renesas has made the following decisions at a meeting of the Board of Directors held today on the nomination of part of a candidate for the Member of the Board to be submitted for approval at the Ordinary General Meeting of Shareholders held in June 2013 and the changes in its Representative Directors as well as the titles to be officially appointed at a meeting of the Board of Directors scheduled after the Ordinary General Meeting of Shareholders.
Cadence to Acquire IP Business of Evatronix, Further Expanding IP Portfolio
Cadence Design Systems today announced its intent to acquire the IP business of Evatronix SA SKA, adding to its rapidly expanding IP offering. Based in Poland, Evatronix delivers a silicon-proven IP portfolio, which includes certified USB 2.0/3.0, Display, MIPI, and storage controllers, which are highly complementary to Cadence's IP offering.
Avago Technologies Acquires Javelin Semiconductor
Avago Technologies has acquired Javelin Semiconductor, an innovator of high performance radio frequency and mixed signal CMOS integrated circuits for wireless communications. Javelin is a leading developer of high performance 3G CMOS power amplifiers. The acquisition of Javelin will form the foundation of Avago's RF CMOS design and development for its wireless semiconductor division.
NXP Acquires Code Red Technologies
NXP Semiconductors announce its acquisition of Code Red Technologies, an embedded software development tools provider, as a strategic addition to its microcontroller business line. Code Red Technologies is recognized industry-wide for innovative tools enabling rapid development and debugging of full-featured applications for 32-bit ARM microcontrollers.
Mindtree’s net profit surges 55% in rupee terms; recommends total dividend of 120%
Mindtree Limited, has announced its results for the fourth quarter and year ended March 31, 2013, as approved by its Board of Directors. Chief Executive Offier and Managing Director of Mindtree, Krishnakumar Natarajan gives his take on the profit increases.
Imec Reports 6.7 % Growth For 2012 Fiscal Year End
Imec have today reported financial results for fiscal year ended December 31, 2012. Revenue for 2012 totalled €320 million, a 6.7 percent increase from the previous year. The 320 million Euro figure includes the revenue generated through collaborations with more than 600 companies and 200 universities worldwide, a yearly grant from the Flemish government totalling 48.2 million Euro, and a 8.2 million Euro grant from the Dutch government to support the Holst Centre.
Microsemi Reports Second Quarter 2013 Results
Microsemi today reported unaudited results for its second quarter of fiscal 2013 ended March 31, 2013. Net sales for Microsemi's second quarter of fiscal 2013 were $235.3 million, down 5.0 percent sequentially. GAAP gross margin was 56.7 percent, improving 380 basis points over the prior year quarter.
Aptina Enters Into Patent License Agreement With Sony
Aptina today announced that it has signed a patent cross-license agreement with Sony, which provides each company with access to the other's patent portfolio. Aptina and Sony have built industry leading patent portfolios that include seminal image sensor patents covering image capture and processing methods
Anritsu Corporation Announces Regarding Stock Options
Anritsu hereby makes the following announcement: at the meeting of the board of directors held on the date hereof, the board of directors decided that the proposal to issue stock acquisition rights as stock options (the "Stock Acquisition Right(s)") be made to the shareholders at the 87th Annual General Meeting of Shareholders to be held on June 26, 2013.
Anritsu Corporation Announces Discontinuation of Countermeasures to Large-Scale Purchase of the Company’s Shares
Back in June 27, 2007, Anritsu introduced countermeasures to Large-Scale Purchase of the Company's Shares (the "Plan"). The continuation of the Plan was approved at the 84th Annual General Meeting of Shareholders on June 24, 2010. The Plan will expire at the conclusion of the 87th Annual General Meeting of Shareholders expected to be held on June 26, 2013.
Cadence Reports First Quarter 2013 Financial Results and Completes Acquisition of Tensilica
Cadence Design Systems today announced results for the first quarter of fiscal year 2013. Cadence reported first quarter 2013 revenue of $354 million, compared to revenue of $316 million reported for the same period in 2012.
Advantest Acquires System Level Test Automation Software Provider W2BI
Advantest Corporation and W2BI have reached an agreement in principle that Advantest will acquire W2BI, a provider of system level test automation software focusing on wireless communications. Based in New Jersey, W2BI will become a fully-owned subsidiary of Advantest's US subsidiary, Advantest America. The acquisition is scheduled for finalization in May 2013, pending the completion of all required procedures.
Vector Software and Polarion Software Announce Strategic Partnership
Vector Software and Polarion Software today announced a strategic partnership to develop solutions that improve software Verification and Validation in regulated environments. The partnership delivers solutions to help software development teams achieve standards and regulation compliance.
Unisys Announces First-Quarter 2013 Financial Results
Unisys today reported a first-quarter 2013 net loss of $33.9 million, or a loss of 77 cents per diluted share, which included $22.3 million of pension expense and a $6.5 million loss associated with the recent Venezuelan currency devaluation.
STMicroelectronics To Resolve on Distribution of a Cash Dividend
STMicroelectronics has announced that its Supervisory Board has approved the Managing Board proposal to the forthcoming 2013 Annual General Meeting of Shareholders to resolve on the distribution of a cash dividend of US$0.10 for the second quarter, and of US$0.10 for the third quarter, per outstanding share of the Company's common stock to be paid in June and September of 2013, respectively.
Hermes Testing Solution And Invensas Enter Into Long-Term Technology And Patent Licensing Agreement
Invensas Corporation have today announced that Hermes Testing Solution has signed a long-term license agreement to manufacture and sell xFDTM based products into the tablet, mobile computing, and data storage markets. Invensas and its partners will be demonstrating xFD-based products this quarter at the Intel Developer Forum, Beijing (April 2013), ECTC, Las Vegas (May 2013), and Computex, Taiwan (June 2013), among other events.
Littelfuse Announces Acquisition of Hamlin
Littelfuse today announced it has signed a definitive agreement to acquire Hamlin, Inc. from Key Safety Systems for $145 million in a cash transaction. Hamlin is dedicated to providing sensor technology to the automotive industry as well as the electronics and industrial markets.
Incorporation Of Computer Simulation Technology Subsidiary In India
Computer Simulation Technology announces the incorporation of its office in Bengaluru, India. The founding of Computer Simulation Technology India Private Limited is a major milestone in CST's operations in India. CST software products have been available in India for over a decade through official distributors Step Electronics Pvt. Ltd. and Jyoti Electronics.
Altera Expands OTN Solution Capabilities with Acquisition of TPACK
Altera today announced it has agreed to acquire TPACK, a wholly-owned subsidiary of Applied Micro Circuits. TPACK delivers complete FPGA-based OTN products targeting packet and optical networking equipment suppliers.
Altera and AppliedMicro will Cooperate on Joint Solutions for High Growth Data Center Market
Altera and Applied Micro Circuits also known as AppliedMicro, today announced they have signed a memorandum of understanding designed to result in the joint development and marketing of optimized solutions for data center applications.
MKS Acquires Alter Power Systems
MKS Instruments announces the acquisition of Alter Power Systems of Reggio Emilia, Italy in a cash transaction closed today. Alter develops advanced microwave power generators, components and systems for industrial microwave heating, microwave plasma coating and semiconductor applications.
Lower sales, more profit for SCHURTER Group
The SCHURTER Group had to accept a decline in its sales of 8.7% to CHF 173.8M. However, the company, which is strongly oriented towards export, could maintain the result after taxes despite decreasing sales. It amounted to CHF 7.5M (4.3%), the cash flow amounted to CHF 16.5M or compared to the industry sector a sound 9.5%.
Microscan Asserts Cognex Patent Infringement Claim to be Without Merit
Microscan today affirmed its position that a patent infringement lawsuit filed against the company by Cognex Corporation of Natick, MA is without merit. The lawsuit alleges that Microscan's Mobile Hawk, a handheld product used to read Direct Part Mark codes, infringes on a patent held by Cognex.
Equita Holding Secures Independence for MEN Mikro Elektronik
In the framework of a succession plan Equita Holding signed a purchase agreement on the acquisition of the majority of shares in MEN Mikro Elektronik on March 26, 2013. Manfred Schmitz – in his capacity as CEO and co-founder of the company – will reinvest major portions of his shares – under participation of further members of the management team.
Bosch Selects MIRTEC As Exclusive Five Year AOI Partner
MIRTEC has today revealed that it has been chosen as the exclusive AOI partner for Bosch for the next five years. The agreement was signed on 20th March 2013. As part of the multi-million dollar agreement, Bosch gave MIRTEC an exclusive supplier contract for multiple MV-9 2D/3D AOI systems.
Advantech SRP Business Model Creates New Value in Intelligent Services
Advantech held its investor conference today and announced its 2012 consolidated financial report. Consolidated revenue was reported at approximately NT $27.55 billion, an increase of 4.2% compared with 2011; operating margin was NT $10.93 billion (39.7% gross margin); and net profit after tax was NT $3.49 billion, which represents about NT $6.22 per share after-tax earnings for the year.
SynQor Commences New Patent Suit Against Cisco
SynQor announced today that it filed a new patent infringement lawsuit on March 22, 2013 against Cisco Systems in the Eastern District of Texas. SynQor v Cisco Systems, Civil Action No. 2:13-cv-00232 E.D. Texas.
Broadcom Announces Conference Call to Review First Quarter 2013 Financial Results
Broadcom Corporation will conduct a conference call with analysts and investors following the release of its first quarter 2013 financial results on Tuesday, April 23, 2013 at 1:45 p.m. Pacific Time; 4:45 p.m. Eastern Time
Micron Notes Appeal of Tokyo District Court's Approval of Elpida Reorganization Plan
Micron Technology today noted that certain unsecured creditors of Elpida Memory filed appeals in Tokyo on Friday, March 29, of the Tokyo District Court's February 28 order approving Elpida's plan of reorganization. Elpida's reorganization plan calls for Micron to sponsor Elpida's reorganization under which Elpida will become a wholly-owned subsidiary of Micron.
STMicroelectronics Sign Loan Agreement With European Investment Bank
STMicroelectronics has put pen to paper a new Euro 350 million loan agreement with the European Investment Bank. The facility, which has not yet been drawn by ST, is also available in the US$ equivalent amount and has an option for disbursement until September 2014 with final maturity eight years after disbursement.
ICCNexergy Announces Acquisition of Applied Power
ICCNexergy is pleased to announce the acquisition of Applied Power, a move that effectively immediately, creates the industry's largest designer and manufacturer of rechargeable power systems.
ALTIS Semiconductor Selected as Long Term Foundry Partner for IBM Microelectronics SOI Technology
ALTIS Semiconductor announced today the finalization of a foundry agreement with IBM Microelectronics. Under the terms of this agreement, ALTIS will be the foundry partner for the IBM 180nm SOI technology. ALTIS will deliver high volume products starting Q2 2013 and will secure capacity increase for 2014 and beyond to address the IBM forecasted demand.
ON Semiconductor Completes a Private Exchange for $60 Million of its 2.625 Percent Convertible Senior Subordinated Notes Due 2026
ON Semiconductor Corporation today announced that it has successfully completed a privately negotiated exchange of $60 million aggregate principal amount of its 2.625 percent Convertible Senior Subordinated Notes due in 2026 ("Old Notes") with an institutional holder.
