National Semiconductor to Sell Unit
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National Semiconductor Corp. said Monday it agreed to sell its imaging business, which makes chips used in small cameras and cell phones, to camera giant Eastman Kodak Co., as it focuses on its main business of making analog chips.
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National Semiconductor Corp., which makes analog chips used in cell phones, computers and televisions, said Thursday it is cutting about 550 jobs, or about 6 percent of its global work force, as it copes with an inventory buildup and lower demand.
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NEW DELHI General Electric said Monday that it planned to sell a majority stake in its Indian call-center unit to General Atlantic Partners and Oak Hill Capital Partners for $500 million to help the business gain customers.
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TSMC (2330.TW), the world's largest  contract chip maker, said on Friday Philips  plans to  sell TSMC shares it owns to help it make an orderly exit from  its current $8.5 billion stake in the Taiwan company.
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(InfoWorld) - A U.S. private investment company appears to be trying to grab a larger stake of Japan's NEC Electronics. Perry Capital has offered to increase its stake in the company, which is the chip-making subsidiary of NEC, from its current stake of around 4.5 percent to 25 percent, according to a report in Wednesday morning's Nihon Keizai Shimbun business daily. NEC confirmed that it was approached by Perry Capital but would not disclose details. "NEC received a letter from an American private investment firm, Perry Capital, on July 11, 2007; however, NEC cannot comment on the contents of individual communications with investors," it said. The news comes a day after NEC said its semiconductor subsidiary is a candidate for delisting from the Tokyo Stock Exchange because too many of its shares are held by a small number of shareholders. The exchange regulations say a company cannot remain listed if more than 75 percent of its shares are held by its 10 largest shareholders. NEC Electronics has until March 2008 to adjust the shareholding, although new rules slated for later this year would change the criteria for delisting. If they come into force as expected, NEC Electronics could continue to trade with no change in its shareholder status. NEC Electronics stock ended the day up 16 percent, at a year-high of Â¥3,670.
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Struggling Japanese electronics maker Sanyo Electric Co. said Monday it has decided to sell its mobile phone production unit to precision equipment maker Kyocera Corp.
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U.K. semiconductor design company Arm Holdings PLC has agreed to acquire a Sunnyvale, California, provider of components for chip manufacturing in a deal valued at around $913 million in cash and stock.
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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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ROCHESTER, NYâEastman Kodak will acquire the imaging business of National Semiconductor Corp., which develops and manufactures metal oxide semiconductor image sensor devices.
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The personal computer maker said it planned to sell its slumping cellphone unit so that it could focus on its personal computer business.
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Chip maker Freescale Semiconductor   Inc. FSL.N said on Friday it agreed to be bought for $17.6   billion, or $40 a share in cash, by a private equity consortium   led by Blackstone Group, in what could be the biggest leveraged   buyout of a technology company.
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National Semiconductor has lowered its revenue expectations for its second business quarter. The new guidance for the quarter calls for revenues to range from $445m to $450m, down about 18 per cent to 19 per cent sequentially.
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MELBOURNE: Britain&#39;s largest cable firm NTL Inc said yesterday it would sell its television transmission business to an Australian investment group for Â£1.27bil to pay down debt.
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By Marc Silvestrini, Waterbury Republican-American, Conn.  Feb. 6--Chemtura Corp. said Monday it has agreed to sell several non-core  business units to a private chemical company.
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A U.S. investment fund is putting pressure on NEC Corp. to give up control of its ailing chip making unit by offering $1.25 billion for a 25 percent stake, the latest foreign shareholder to apply heat on what they see as
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El Paso Corp., the natural gas pipeline giant, on Wednesday said it entered into an agreement to sell its interest in subsidiaries that supply power to Public Service Electric &amp; Gas Co.
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The unit was sold for $10.3 billion to a group of private equity firms that will take an equal stake in the company.