Chip giant TSMC reports worst revenue in 20 months
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Analysts, though, viewed the revenue drop as a sign the chip industry's glut might be dropping.
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The demand for wireless chips takes a turn for the worse for this company.
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The maker of analog microchips said Tuesday its  fourth-quarter revenue would miss earlier targets because of  weak demand from computing and communications equipment makers.
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(InfoWorld) - China's largest chip maker is seeking damages in U.S. court from rival Taiwan Semiconductor Manufacturing Co.Â (TSMC) for alleged breach of contract, widening a legal battle with TSMC that erupted last month. Semiconductor Manufacturing International Corp. (SMIC) accused its larger rival of seeking to discredit it and failing to act in good faith over the terms of an earlier lawsuit settled in 2005. "TSMC...has undertaken a concerted effort since the previous lawsuits to discredit SMIC by making unfair and misleading accusations," SMIC said in a filing to the Stock Exchange of Hong Kong on Wednesday. The chip maker says it has fully complied with the 2005 settlement. Last month, TSMCÂ revived a long running legal battleÂ with SMIC by suing the company for failing to uphold the 2005 agreement, which had ended withÂ SMIC agreeing to pay $175 million. TSMC contends that SMIC broke the agreement by continuing to use its trade secrets. The original suit accused SMIC of hiring former TSMC employees in order to gain access to its trade secrets and technology. TSMC is the world's largest contract chip maker, and has been in business for nearly 20 years. SMIC was established in 2000 by Richard Chang, a veteran of Taiwan's chip industry. TSMC spokesman J.H. Tzeng declined to comment, saying his company is currently reviewing SMIC's complaint.
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Intel Corp. lowered its revenue projections for its third quarter yesterday, citing slow consumer purchases across the globe. The world&#39;s largest chipmaker reported that it expects revenue for the three-month period ending Sept.
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The company cuts its 2004 earnings outlook by 20%, citing many reasons.
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DALLAS -- Texas Instruments Inc., the leading maker of chips for cell phones, cut its profit and revenue forecast for the fourth quarter on Monday due to slower sales of semiconductors, and it warned that sales could weaken further early next year.
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GIANT SEMI foundry Taiwan Semiconductor Manufacturing Co (TSMC) warned that while business is steady, its customers are dealing with rising levels of stock.
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Semiconductor maker Advanced Micro Devices Inc.  warned on Monday that its quarterly revenue will be lower than forecast, citing softness in sales of its memory chips used in cell phones and other devices. The company's shares fell after the warning.
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Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC), of Hsinchu, Taiwan, has expanded its patent-infringement fight against rival contract chip maker Semiconductor Manufacturing International Corp. (SMIC) by filing a complaint with the U.S. International Trade Commission (ITC).
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Texas Instruments Inc. (TXN.N: Quote, Profile, Research) , the largest maker of chips for cell phones, trimmed its third-quarter revenue outlook on Wednesday as customers
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High performance analog chipmaker National Semiconductor today lowered its revenue guidance for its fiscal Q2. The new guidance for the quarter calls for revenues to range from $445 million to $450 million
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Shares of Intel fell sharply as the nation's largest semiconductor maker lowered its revenue and profit margin forecast.
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By Ian King Bloomberg News  Micron Technology Inc., the largest U.S. maker of computer memory chips, said a collapse in the price of its products has created a "horrible situation" for the company. The shares fell to a 15-month low.
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The chip maker now expects revenue of between $8.3 billion and $8.6 billion due to lower-than-expected worldwide demand for its processors as well as "customer reductions in component inventory levels."
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Korean LCD maker suffers massive decline in earnings.
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Semiconductor sales worldwide surged to a monthly record of $20.5 billion in August, fueled by higher demand for memory chips used in PCs and mobile gadgets such as cellphones and digital cameras, an industry group reported yesterday.