Taiwan's UMC sees higher profit on strong demand
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United Microelectronics Corp. (UMC), the world's second-largest contract chip maker, announced Wednesday that strong demand and higher capacity helped its net income for the third quarter more than double from the same period a year ago.
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The company said quarterly net profit jumped to 73.7 billion yen, or $646.7 million, as sales of digital cameras, televisions and other electronics more than offset losses at its video-games unit.
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By Kyodo News International, Tokyo  Feb. 8--TOKYO -- Mitsubishi Heavy Industries Ltd. said Thursday its group  net profit swelled 83.3 percent from a year earlier to 38.46 billion yen in  the April-December period on strong sales at its shipbuilding, power systems  and machinery divisions.
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The convenience store chain's sales growth depends heavily on high gas prices.
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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.
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Circuit City Stores Inc. CC.N, the   No. 2 U.S. consumer electronics chain, on Wednesday reported   higher-than-expected quarterly profit driven by strong sales of   flat-panel televisions and laptop computers during the   back-to-school shopping season.
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Phillips-Van Heusen Corp. , owner of the Calvin Klein, Van Heusen and IZOD brands, said on Tuesday that a large increase in Calvin Klein royalty revenue helped quarterly profit rise more than was expected.
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Profits got a boost despite sluggish sales from the challenging environment.
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Pricing and premium product sales propel the tire maker to higher profits.
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Taiwanese DRAM makers posted record-high sales last month as a rise in PC demand helped raise prices for the most widely used chips, DDR2.
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Qualcomm Inc. on Friday raised its  quarterly profit forecast due to strong demand for its mobile  phone technology.
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(InfoWorld) - The head of the world's largest contract chip maker said his industry will have trouble maintaining sales and profit growth in the future because the overall chip industry has slowed down and there's a lot more competition. Taiwan Semiconductor Manufacturing Co. (TSMC) plans to expand to new markets and find new work in product areas such as chips for mobile phones, digital cameras, and other consumer electronics devices in order to meet these challenges, said Morris Chang, the chairman of TSMC, at the International Solid-State Circuits Conference in San Francisco on Monday. The company released information from his speech. Overall revenue growth in the chip industry has slowed to around 6 percent per year between 2000 and 2010, from 16 percent each year prior to 2000, he said. At the same time, more new rivals have entered the contract chip making business. His company will have to find new ways to grow despite these challenges, he said. "Growth opportunities exist in cell-phone applications, game systems, digital TV, LCD displays, power management, MP3 devices, and digital cameras," a paper Chang submitted to the conference reads. Developing closer relationships with the chip design companies that create chips for these kinds of products will be a key strategy for TSMC in the future. TSMC manufactures chips that are designed by other companies, a business model it pioneered. Prior to the Taiwanese company's founding, small chip design firms had to ask Intel, Motorola, and other big chip makers to make their chips, and these companies would only comply if their factories weren't being fully used already. Most small companies didn't have enough money to set up their own chip factory because the high tech plants used to cost around $1 billion each. Now, a new one can cost $3.5 billion. TSMC stepped in to fill the gap, and the result has been the steady growth of chip design companies that never build their own factories. They rely on TSMC or other foundry chip makers, including Taiwan's United Microelectronics Corp. (UMC), to manufacture their chips. Mobile phone chip developer Qualcomm and graphics chip designer Nvidia are two examples of companies that have been wildly successful, despite not owning their own factories. They farm out production to foundries such as TSMC and UMC. The success of TSMC and UMC has caused a number of new competitors to enter the chip foundry business. IBM, Samsung Semiconductor, and China's Semiconductor Manufacturing International Corp. (SMIC)Â are all examples of latecomers to the foundry business. These new rivals have been able to survive, and in some cases thrive. "The growth of the industry has attracted many companies to offer foundry services. Consequently, competition between these companies increases the potential for commoditization of foundry services," according to Chang's report. He goes on to say that going forward, the best defense for TSMC will be to engage with chip design customers far earlier in the developing stage of their products, and to offer a wider range of production services. TSMC and UMC hold around a 75 percent share of the global chip foundry business, according to investment banking firm Merrill Lynch & Co. Last week, TSMC said itÂ opened its first office Bangalore, India, to find new customers and help existing ones complete their chip designs faster and bring products more quickly to market. Â
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Tyco International Ltd. reported a quarterly profit Monday helped by strong demand for electronic parts and the absence of the costly write-downs booked the year before to exit more than 50 businesses.
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Company ramps up to increase production as demand for new handheld exceeds expectations.
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Quarterly profit beat expectations on strong growth in its international, ground and freight segments.
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Japanese electronics maker Hitachi said its net profit rose more than sevenfold to 41.2 billion yen (390 million dollars) in the first half on strong sales of IT and digital electronics products.
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Diversified manufacturer United Technologies Corp.  posted a rise in quarterly profit, helped by strong infrastructure demand and a recovery in its aerospace business, the company said on Wednesday.