Business
Heraeus wraps up fiscal year 2010 with record results
Fiscal year 2010 was the most successful year yet in the 160-year history of Heraeus, a precious metals and technology group based in Hanau. This was announced by the Heraeus Holding GmbH Board of Management at a press conference on annual results held in Frankfurt on May 9. Over the past financial year, Heraeus for the first time exceeded the €4 billion revenue mark with product revenues of €4.1 billion. This represents an increase of 58 percent over the previous year's level. Operating results also increased by a significant 132 percent to reach a total of €396 million. Precious metals trading revenues rose 32 percent in comparison to the previous year to a value of €17.9 billion.
Astrodyne Corporation Acquires Jerome Industries
Astrodyne Corporation, a leading provider of power solutions, announced it has completed the acquisition of Jerome Industries ("Jerome").
Synopsys Posts Financial Results for Second Quarter Fiscal Year 2011
Synopsys, Inc. (Nasdaq: SNPS), a world leader in software and IP for semiconductor design, verification and manufacturing, today reported results for its second quarter of fiscal year 2011.
New and existing investors back Nujira’s vision with £10 million round
Nujira, the leading developer of technology to reduce power consumption in smartphone transmitters by 30-50%, has secured a further £10 million of funding for its growth plans.
STI Electronics Breaks Sales Record Again
STI Electronics, Inc., a full service organization providing training, electronic and industrial distribution, consulting, laboratory analysis, prototyping, and small- to medium-volume PCB assembly, announces that it has broken its all-time sales record for the month of March.
Cypress Announces First-Ever Cash Dividend
Cypress Semiconductor Corp. (Nasdaq: CY) today announced that its Board of Directors has adopted a dividend policy under which the Company intends to pay quarterly cash dividends on its common stock.
Cadence Acquires Altos Design Automation
Cadence Design Systems, Inc. (NASDAQ: CDNS), a leader in global electronic design innovation, today announced it has acquired Altos Design Automation, Inc., the technology leader in enabling foundation IP development for the delivery of complex SoCs at advanced nodes. Shrinking process geometries increase process variations and make creation of accurate noise, power and timing models for foundation IP very complex given smaller time-to-market windows.
Parvus Receives $2.2m Follow-on Order For Ethernet Switches In Support Of US DoD Tactical Communications Program
Eurotech subsidiary Parvus Corp. announces a $2.2M (USD) follow-on order for rugged Ethernet switches with a US prime Defense contractor in support of a US Department of Defense (DoD) tactical communications program. Due to non-disclosure agreements, no further details about the customer can be provided. Deliveries will take place during this year.
Freescale Semiconductor Announces First Quarter 2011 Results
Freescale Semiconductor Holdings I, Ltd. today announced financial results for the first quarter ended April 1, 2011.
Green Hills Software Announces Record Revenue and Earnings in 2010
Green Hills Software, the largest independent vendor of embedded software solutions, announced today that in 2010 Green Hills Software saw strong growth in revenue, margins and income, once again leading to the achievement of record annual revenue and earnings.
Synopsys Announces Earnings Release Date and Conference Call for the Second Quarter Fiscal Year 2011
Synopsys announced it will report results for the second quarter fiscal year 2011 on Wednesday, May 18, 2011, after the market close. A conference call to review the results will begin at 2 p.m. PT (5 p.m. ET) and will be hosted by Aart de Geus, chairman and chief executive officer, and Brian Beattie, chief financial officer.
Atego acquires HighRely
Atego, the leading independent supplier of industrial-grade, collaborative development tools for engineering complex, mission- and safety-critical architectures, systems, software and hardware, has acquired HighRely, a leading provider of high reliability engineering solutions, services and tools for critical embedded product and systems development.
Imec board reports solid growth of 2010
Today, upon approval of the 2010 financial reports, the imec board confirmed that 2010 was a solid year. The board looks with confidence to the future. Imec's total revenue of 2010 amounted to 285 million euro. 42.7 million euro was granted to imec Belgium by the Flemish government, to guarantee imec's long term research and investment in new research initiatives, and imec the Netherlands at Holst Centre received 6.2 million euro from the Dutch government.
Cadence Reports Q1 2011 Financial Results
Cadence reported first quarter 2011 revenue of $266 million, compared to revenue of $222 million reported for the same period in 2010. On a GAAP basis, Cadence recognized net income of $6 million, or $0.02 per share on a diluted basis in the first quarter of 2011, compared to a net loss of $12 million, or $(0.04) per share on a diluted basis, in the same period in 2010.
Riber 2011 first-quarter revenues
RIBER, the global leader for molecular beam epitaxy (MBE), recorded €5.7 million in revenues for the first quarter of 2011, up 98% in relation to the first quarter of 2010, with its order book climbing 134% compared with last year to €21.3 million.
AWR Announces Record Sales and Revenues for Fiscal Year 2011
AWR Corporation, the innovation leader in high-frequency EDA, announced today that it achieved record sales growth, revenues and backlog for fiscal year 2011, which ended March 31, 2011. The company achieved double-digit sales growth and recorded revenue growth for its fourteenth consecutive year. The Asia-Pacific region grew by the greatest percentage, achieving more than 30% year-to-year sales growth over fiscal year 2010. China, for the first time, joined Japan in the top five markets ranked by country for AWR software.
AMD Amends Wafer Supply Agreement with GLOBALFOUNDRIES And Discloses GLOBALFOUNDRIES Investment-Related Noncash Gain of $492 Million
AMD (NYSE: AMD) today announced that it amended its Wafer Supply Agreement (WSA) with GLOBALFOUNDRIES Inc. The primary purpose of the amendment was to revise the pricing methodology applicable to wafers delivered in 2011 for AMD's microprocessor and accelerated processing unit (APU) products. The amendment also modified AMD's existing commitments regarding future increases in production of certain graphics processing unit (GPU) and chipset products at GLOBALFOUNDRIES.
Kingston Technology Revenues Climb to Record $6.5 Billion in 2010
Kingston Technology Corporation, the independent world leader in memory products, today announced that its global revenues in 2010 soared to a record $6.5 billion (U.S.), the highest ever in company history. The $2.4 billion increase in sales over 2009 was attributed primarily to a rise in average selling price (ASP) and increased shipment volume.
MIRTEC Corp. Reports 58% Growth in Q1 2011
MIRTEC Co. LTD, "The Global Leader in Inspection Technology," reports continued growth in sales revenue for its North American Sales and Service Division for Q1 2011.
congatec AG achieved a new record of 45.6 million Euros in 2010
congatec AG, a leading manufacturer of embedded computer modules, recorded an annual revenue of 45.6 million euros in 2010, a record win. With its embedded computer modules and accessories, the company increased sales by 75% from the previous year. In 2009, the annual turnover rate totaled 26 million euros.
TI to acquire National Semiconductor
Texas Instruments Incorporated and National Semiconductor today announced they have signed a definitive agreement under which TI will acquire National for $25 per share in an all-cash transaction of about $6.5 billion. The acquisition combines two industry leaders in analog semiconductors, each with unique strengths in delivering products to improve performance and efficiency and convert real-world signals in electronic systems. The boards of directors of both companies have unanimously approved the transaction.
Strong growth in 2010 full-year earnings Favorable outlook
RIBER, the global leader for molecular beam epitaxy (MBE), recorded strong growth in net income over 2010 compared with 2009. In view of its earnings for 2010 and the dynamic development they reflect, RIBER is confident that it will be able to achieve a further year of growth and improve on its performances in 2011.
Anders Announces Strategic Joint Venture with CompuLab in Europe
Anders Electronics plc has announced a strategic joint venture with CompuLab, the Israeli manufacturer of computer-on-module (CoM) boards and miniature PC systems.
Broadcom Gains Microwave Transmission Technology with Acquisition of Provigent
Broadcom Corporation today announced that it has signed a definitive agreement to acquire Provigent, a privately-held leading provider of highly integrated, high performance, mixed signal semiconductors for microwave backhaul systems, with offices in Israel and Santa Clara, Calif.
Cavium Networks Completes Acquisition of Celestial Semiconductor
Cavium Networks today announced that they have completed their acquisition of China-based privately held Celestial Semiconductor on March 4th, finalizing an agreement that was announced January 31st 2011.
LSI to Sell External Storage Systems Business to NetApp for $480 Million
LSI Corporation today announced that it has signed a definitive agreement to sell its external storage systems business to NetApp, Inc. (NASDAQ: NTAP) for $480 million in cash. The company also announced today that its board of directors has authorized a new stock repurchase program of up to $750 million.
CoActive Technologies Increases Switch Product Offering with Acquisition of Comax Industrial Co. Ltd
CoActive Technologies, a leading global provider of interface solutions, announces the acquisition of Comax Industrial Co. Ltd, an innovative designer and manufacturer of switch products and assemblies.
AEG Power Solutions Acquires OpciónDos, Spanish Solar Engineering Company
Founded in 2005, Madrid-based OpciónDos has developed an expertise in integrating photovoltaic technologies into the built-in environment. Their know-how and engineering capacity have made them a specialist of complex rooftops installations in industrial and commercial environments.
UL Expands Capabilities in Global Lighting Technology Market with Acquisition of Lighting Sciences, Inc.
UL announced today that it has acquired Lighting Sciences, Inc. (LSI), a leading provider of photometric testing services, test equipment, and advisory services in support of the growing Solid State Lighting (SSL) market.
VTI Technologies Announces Record Sales in 2010
VTI Technologies, a leading supplier of 3D MEMS sensors announces excellent results for 2010. The Group's net sales increased by 42 percent and totalled EUR 75.8 million (EUR 53.6 million in 2009).
Volex Works With Huawei To Supply Cable Assemblies To Customers In South Pacific And Indian Markets
Volex Group plc has been selected by telecoms solutions provider Huawei as a local cable assemblies supplier for both Huawei India and Huawei Indonesia.
National Semiconductor Reports Results for Third Quarter Fiscal 2011
# Q3 sales of $343.9 million decreased 12% from Q2 of fiscal 2011 and decreased 5% from Q3 of fiscal 2010 # GAAP earnings per share of 24 cents was down from 34 cents in Q2 but up from 22 cents one year ago # Gross margin of 66.5% decreased from 68.9% in Q2 and from the 67.3% posted in Q3 of last year # Sales outlook for Q4 of fiscal 2011 expected to increase sequentially to a range of $360 million to $370 million
Laird Technologies Acquires Klüver Aggregatebau GmbH
Laird Technologies, Inc., a global leader in the design and supply of customized performance-critical components and systems for advanced electronics and wireless products, today announced its acquisition of Klüver Aggregatebau GmbH. Klüver's revenues for the fiscal year ending December 31, 2010 were €13.0M ($17.9M). The transaction is expected to formally close by March 31, 2011.
Tyco Electronics is now TE Connectivity Ltd.
Tyco Electronics Ltd. received shareholder approval at yesterday's Annual General Meeting to change the company name to TE Connectivity Ltd. The name change is subject to Swiss regulatory approval, which the company expects to receive by March 25, 2011. The NYSE ticker symbol (TEL) will remain the same.
Agilent Technologies Acquires BIOCIUS Life Sciences, Developer of the RapidFire(tm) High-Throughput Drug-Screening Technology
Agilent Technologies Inc. today announced it has acquired BIOCIUS Life Sciences, Inc., developer of the unique RapidFire(tm) high-throughput mass spectrometry drug-screening platform for the pharmaceutical and biopharmaceutical markets. Financial details were not disclosed.
Agilent Technologies Acquires Lab901 to Expand Electrophoresis Portfolio for Molecular Biology Applications
Agilent Technologies Inc. today announced it has acquired Lab901, a leading electrophoresis equipment and consumables company based in Edinburgh, U.K. The company's automated electrophoresis products are used for DNA, RNA and protein analysis. Financial details of the acquisition were not disclosed.
Huawei Marine Wins BDM Turnkey Supply Contract to Bridge Malaysia and Indonesia
Huawei Marine Networks Co. Ltd. announced today that it has won the bidding for the BDM (Batam-Dumai-Melaka) submarine cable project and will provide the end-to-end turnkey submarine system solution.
Fujitsu Semiconductor and ARM Sign Strategic Partnership Comprehensive Licence Agreement
Fujitsu Semiconductor Europe today announces that its parent company Fujitsu Semiconductor Limited has signed a comprehensive licence agreement with ARM for ARM IP products. This strategic agreement will enable Fujitsu Semiconductor Europe to offer platforms featuring the latest ARM technology including the Cortex™-A15 processor, graphics IP and CoreLink™ systems IP, helping accelerate its customers' product development.
Hoffmann + Krippner expands UK operations with new company and MD to support custom panel PC business
Input device specialist Hoffmann + Krippner has announced a further expansion of its global operations with the formation of a new UK subsidiary and the appointment of UK managing director, Ian Ritson.
Two new CST offices in South-East Asia
CST- Computer Simulation Technology, Darmstadt, announces foundation of two new offices in South-East Asia
