PennWell Corporation Announces Important Realignment of Its Semiconductor Media Franchises
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NASHUA, N.H., Sept. 7  /PRNewswire/ -- Effective September 1, 2006, SMT joined the Solid State Technology and Advanced Packaging media franchises to better serve the entire chain of semiconductor manufacturing -- from wafer processing to chip packaging and board assembly.
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The chip company makes a major deal to reach a new market.
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SAN FRANCISCO (CBS.MW) -- Electricity merchant Mirant (MIRKQ) said Thursday it appointed Michele Burns chief restructuring officer and the company&#39;s main representative as it puts together a plan to get out of bankruptcy.
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The electronics maker is making some changes to its product lineup in its home market, deciding to focus on the 40 GB model.
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Hewlett-Packard announced Friday that it is combining its Imaging and Printing Group and Personal Systems Group. HP (NYSE: HPQ) said the reorganization would "accelerate profitable growth, leverage the power of its portfolio and strengthen its market position."
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Portal will reorganize into three new units; COO to leave.
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(InfoWorld) - SonyÂ is reshuffling responsibilities in its key electronics group, allowing the head of the division to play a bigger role in Sony's research and development actvities. The company, which is still investigating the cause of laptop PC fires caused byÂ faulty Lithium Ion batteriesÂ it produced, will shift day-to-day control of all its major consumer and industrial products to Katsumi Ihara, Sony said on Monday. Ihara currently heads Sony's TV and video business. His new responsibilities will include Sony's Vaio computers, digital still cameras, digital video cameras, and Walkman audio products. Sony's semiconductor and component business will be put under the day-to-day control of Yutaka Nakagawa, who currently heads the digital imaging and audio business. Nakagawa will also be promoted from executive vice president to executive deputy president. Putting the running of the product and component businesses under Ihara and Nakagawa will mean that Ryoji Chubachi, president and CEO of the electronics business, will be free to take direct control of Sony's research and development activities.
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Intel Corp. will shift to a second-generation strained-silicon technique within its forthcoming 65-nanometer process technology, the company will announce on Monday.
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Electronic Arts Inc. said it will  reorganize the world&#39;s biggest video game publisher into four  units, in an efficiency drive by its new chief executive.
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(InfoWorld) - A week afterÂ announcing 10,500 layoffs in a complete corporate reorganization, Intel Corp. has continued to trim the company, selling off another division. Intel sold its optical networking components division on Friday to Cortina Systems Inc., a maker of communications chips for telecommunications carriers. The sale will allow Intel to focus better on its core products -- PC chips, network processors, modular communications platforms and optical modules, Intel said Monday. Financial details of the sale were not disclosed, although some published reports put it at US$115 million. While the sale shrinks Intel to a smaller size, it won't necessarily result in more layoffs. Cortina, based in Sunnyvale, California, plans to employ "a significant number" of the engineering, operations and marketing employees in the division. Intel Chief Executive Officer Paul Otellini began the corporate restructuring in April, when he told analysts that the company would earn $9.3 billion for 2006, down from $12.1 billion in 2005. Since then, he has sold off two other business units, laid off 1,000 middle managers, shuffled top executives, and announced a plan to shrink the company from 102,500 people in the second quarter of 2006 to 92,000 people by the middle of 2007. The sale of the optical networking components division could add to the number of jobs lost. Intel did not specify how many workers it employs in that division, but the number is reportedly 120.
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(InfoWorld) - After a busy two yearsÂ reorganizing LSI, the new leadership of the company, which includes several former Intel executives, is ready to do battle in the competitive markets for storage and networking chips. LSI is one of the first major companies to finish reorganizing amid a broad consolidation in the chip sector caused by rising research and development costs. The rising costs means that size matters: Companies need to make enough money to keep up with higher costs for chip designs and upgrades. Development budgets are rising as the size of transistors and other parts on a chip shrink, said Jeff Richardson, executive vice president of the Network and Storage Products Group at LSI. The size of components on chips, and the spaces between them, has already hit 45-nanometers, a microscopic size thousands of times thinner than a human hair. Without the budgets to continue investing in the machines and research needed to continue the development of chip products, companies will wither. One of the reasonsÂ LSI acquired Agere SystemsÂ late last year is because the networking and storage chips made by the two companies are a much larger, more viable business combined than separate, said Richardson. LSI is already ready to move forward, which is saying a lot since it has continued to buy or sell companies and divisions for the past several months. The last major deal was theÂ sale of its mobile phone products business to Infineon TechnologiesÂ last month for $450 million, a deal that will likely give Infineon the size to compete for third place in the mobile handset chip industry. LSI sold off its consumer products division in July, signed contract manufacturing agreements to allow it to slough off factories and workers, and has bought two chip makers over the past year, including StoreAge Networking Technologies. So far, the company has pared its workforce by over a third to 6,000 people. "We're done with the major moves," said Richardson. He joined LSI two years ago with several colleagues from Intel, including Abhi Talwalkar, LSI's president and chief executive officer. Talwalkar used to be a vice president and co-general manager at Intel's Digital Enterprise Group, which includes storage and communications products. The group set changes in motion at LSI to make it more streamlined in terms of its product portfolio, and more powerful in its main business segments -- networking and storage. "The combination of the companies has already resulted in major design wins," according to Richardson, though he declined to elaborate. LSI and Agere shared a lot of synergies in storage and networks, which is why the deal made sense, he said. In networking, LSI is now focused on providing chips to telecommunications companies for TV services, broadband, and collaboration. Chips are needed for equipment used in advanced packet processing, advanced traffic management, content inspection, and digital signal processing. For the storage business, which includes hard disc drives, there are a host of new products either coming out or under consideration at the company, including chips for solid-state drives, Richardson said. The decision to sell its mobile phone arm wasn't easy, but LSI sees the market as a tough one undergoing consolidation. Two companies dominate in communications chips, Texas Instruments and Qualcomm, said Richardson, and there's an ongoing battle for a distant third place. Several major chip makers have opted out of the segment in recent years. For example,Â Intel agreed to sellÂ its communications and application processor business last year to Marvell Technology Group for $600 million. This year has seen a few deals, including the LSI-Infineon transaction and the purchase of Analog Devices' telecommunications chip products by Taiwan's MediaTek for $350 million in cash. "We believe there will be further consolidation," said Richardson. Â
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Intel Corp. INTC.O said on Monday it  would reorganize -- creating two new divisions to focus on  opportunities for its technologies in digital healthcare and in  serving its distribution channel.
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Scott McGregor, former head of Royal Philips Electronics' semiconductor division, will replace Alan Ross, who plans to retire.
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Intel announced a massive reorganization of its operating groups Monday, creating new groups to focus on areas such as the digital home and health care, and shuffling the roles of a number of key executives.
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currently CEO of Philips&#39; consumer electronics business groups -- will succeed the unit&#39;s CEO Scott McGregor. The company is scheduled to hold a Semiconductors and Technology analysts day in Holland on Friday.
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HP has formed a new division within its Enterprise Storage and Servers Group designed to unify its blade system development efforts.
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Company will break its promise to deliver a speedier chip, shifts focus to dual-core designs.