Chip Maker Reports Profit Rose by 13%
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Texas Instruments, the largest maker of chips for mobile phones, said its fourth-quarter profit rose 13 percent and that sales reversed a yearlong decline.
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Micron Technology Inc. MU.N, a  top-three computer memory chip maker, on Wednesday reported a  quarterly profit on stronger pricing, reversing a year-earlier  loss.
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The company reported net profit of $526 million on higher sales of agricultural and nutritional products in Latin America and it lifted its full-year outlook.
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The company said first-quarter profit rose 14 percent on strong sales growth across nearly all regions.
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Intel reported its third-quarter profit rose 15 percent from a year earlier, though it continued to struggle with an inventory glut.
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South Korea's Hynix Semiconductor Inc.  said fourth-quarter profit rose 35 percent to a record high,  beating estimates, on strong sales of computer memory chips,  but forecast steep falls in chip prices.
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SEOUL, South Korea - South Korea&#39;s Hynix Semiconductor Inc. said Monday its third-quarter net profit more than tripled from same period last year thanks to steady global prices for memory chips.
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The personal computer maker said its net income increased to $733 million, benefiting from lower costs for disk drives, microprocessors and other components.
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IBM reported a 6 percent increase in profit for its fiscal third quarter as a strong performance from its services business offset a slide in hardware revenue.
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Texas Instruments Inc. , the largest maker of chips for cellular phones, on Monday said quarterly profit rose about 26 percent on demand from handset makers even as it struggles with a nagging inventory problem.
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Hynix Semiconductor, one of the world's largest microchip makers, said its net profit rose fourfold in the third quarter of this year due to strong chip sales but cautioned that earnings had been hit by weaker prices.
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Texas Instruments Inc. TXN.N,  the largest maker of chips for cellular phones, on Monday said  record demand for its handset and television chips boosted  quarterly profit by 26 percent, even as it struggles with a  nagging inventory problem.
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Yum Brands Inc.  on Tuesday said quarterly earnings rose 13 percent and raised its profit forecast for the year as strong sales at its fast-food chains helped offset a run-up in commodity costs.
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Texas Instruments Inc., the largest maker of chips used in wireless phones, said Monday that its third-quarter earnings rose 11 percent as demand for analog chips and lower manufacturing costs overcame a drop in revenue.
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The chip maker reported a larger-than-expected loss but showed progress in curbing its expenses and capturing a share of strong demand for personal computers.
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Shares of Intel Corp. INTC.O rose  about 3 percent on Wednesday after the leading chipmaker  reported better-than-expected quarterly results and raised its  manufacturing spending plans.
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EMC Corp , the No. 1 maker of  corporate data storage equipment, reported higher quarterly  profit on Thursday on an increase in sales of both hardware and  software.