Microchip chief to leave: Philips
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The head of the microchip division at Philips, Scott McGregor, is to leave the company on January 1 to return to the United States, the Dutch electronics group revealed.
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Europe's top consumer electronics  group Philips cut the forecast for its closely-watched  semiconductor unit on Friday, pointing to the predicted  slowdown of the sector's recovery.
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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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Scott McGregor, former head of Royal Philips Electronics' semiconductor division, will replace Alan Ross, who plans to retire.
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The company that put power consumption on the map is thinking of getting out of the expensive business of making chips.
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Michael Farese steps leaves his position as senior vice president of engineering at the smart phone maker to become CEO of a semiconductor company.
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By Review, Idaho Business  Intel announced September 5 that it plans to lay off approximately 10,500 employees by the middle of 2007, reducing its workforce to 92,000.  Local microchip manufacturer Micron has a joint operating venture with Intel to produce flash memory.
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Broadcom Corp. on Tuesday announced that Scott McGregor, chief of Philips&#39; chip division, will become its new president and CEO.
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The head of MicrosoftÂs division that makes specialized software for small and midsize businesses is stepping down.
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(InfoWorld) - Koninklijke Philips Electronics has completed the sale of an 80.1 percent stake in its chip division to a group of private investment houses, the company said Saturday. The stake in NXP Semiconductors, theÂ new nameÂ of the chip unit,Â was sold to a groupÂ including Kohlberg Kravis Roberts & Co. (KKR), Silver Lake Partners, and AlpInvest Partners. Philips expects to take in â¬6.4 billion ($8.12 billion) in cash from the sale, after taxes. The European electronics giant will keep a 19.9 percent share of the business. Philips said the deal places the value of NXP at â¬8.3 billion. There have been a number of chip industry deals this year, including aÂ $17.6 billion offer for Freescale SemiconductorÂ last month. In July,Â Intel soldÂ its communications and application processor business to Marvell Technology Group for $600 million, while earlier this year,Â PMC-Sierra acquiredÂ the storage semiconductor business formerly owned by Agilent Technologies for $425 million.
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EINDHOVEN, Netherlands  - Philips Electronics said  on Tuesday it expected a flat global chip market next year, in  line with market research forecasts but more cautious than many  of its rivals.
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AMSTERDAM Philips Electronics, Europe&#39;s third-largest maker of semiconductors, on Friday reduced its third-quarter chip sales forecast, saying demand is waning.
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&quot;We&#39;re saying goodbye to one of the most important products in the history of consumer technology,&quot; Dixons marketing director John Mewett said.
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David Edmondson, president and COO of the retailer, has been elected to the board of the chipmaker.
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A Microsoft Corp. executive responsible for its newly launched Zune digital music player will leave the company.
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Company is considering a gradual exit from processor sales.
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Dutch Philips Electronics has shelved  plans to make mobile personal navigation systems, the chief  executive of Philips' consumer electronics unit said on  Tuesday.