Chip Maker Reports Loss but Claims Progress
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The chip maker reported a larger-than-expected loss but showed progress in curbing its expenses and capturing a share of strong demand for personal computers.
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The video game maker largely met Wall Streetâs forecasts, despite posting a quarterly loss because of reorganization charges and deferred revenue.
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Semiconductor Manufacturing International (SMIC), China&#39;s largest chip maker, fell short of its bid to turn a profit in 2007, ending the year with a $40 million loss. But that&#160;won&#39;t stop the company from expanding in 2008.SMIC saw revenue of $1.5 billion during 2007, an increase of 5.8 percent over the previous year. But higher sales weren&#39;t enough to offset a slide in DRAM prices and the company ended the year with a loss, albeit one that was slightly narrower than the $44.1 million loss recorded by the company in 2006.SMIC turned in a fourth-quarter loss of $22.2 million on revenue of $395.3 million. By comparison, the company reported a profit of $143,000 for the fourth quarter of 2006, thanks to an exceptional one-time gain from the sale of used equipment.Once seen as a potential rival to Taiwan Semiconductor Manufacturing Co. (TSMC), the world&#39;s largest contract chip maker,&#160;SMIC has struggled to turn a profit. Part of the problem is that, as the company built a series of new chip plants in China, it turned to DRAM companies for orders in a bid to fill these production lines. But DRAM is a brutal business with razor-thin margins and&#160;recent declines in memory prices&#160;have hurt SMIC&#39;s bottom line.SMIC is trying to wean itself off DRAM as a source of revenue, but the switch to production of more logic chips, which generally command higher prices and have better margins, hasn&#39;t happened fast enough to pull the chip maker out of the red.DRAM represented 23.6 percent of SMIC&#39;s revenue during the fourth quarter, compared to 38.6 percent during the same period last year. By comparison, logic chips represented a greater percentage of SMIC&#39;s fourth-quarter revenue, rising from 57.4 percent in 2006 to 67.4 percent last year.Despite reporting another annual loss, SMIC continues to expand. The company announced plans to build a 200-millimeter production line and a 300-millimeter fabrication plant in Shenzhen, a southern Chinese city that lies next to Hong Kong. Construction will begin during the first half of 2008, the company said.
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The chipmaker gets another downgrade on Friday.
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Chip maker Advanced Micro Devices Inc.  on Tuesday reported a quarterly loss from a year-earlier profit following a reduced forecast it gave last week.
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Firm may be facing greater difficulties than previously thought in getting hold of chips to power its high-end PCs.
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Advanced Micro Devices Inc , the world's second-largest maker of computer microprocessors, on Thursday posted a wider quarterly net loss due to a $1.68 billion charge related to its purchase of graphics chipmaker ATI.
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Intel will miss its 2004 product cost-reduction targets because of a widely publicized string of product delays and problems, but those missteps are largely behind it now, the world&#39;s largest chipmaker said on Tuesday.
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Struggling chip-maker Advanced Micro Devices Inc. warned Monday it is "unlikely to meet" its revenue guidance for the first quarter.
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Advanced Micro Devices Inc. warned Monday that it was unlikely to meet its first-quarter revenue guidance of $1.6 billion to $1.7 billion, the latest in a series of disappointments for investors in the struggling chip-maker. The company's stock fell to a new 52-week low on the news.
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Blog: Chipmaker reaffirms third-quarter launch schedule for quad-core Barcelona chip but says shipments to Cray of different quad-core processor have slipped.
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NEW YORK -- An income tax benefit narrowed Computer Associates International Inc&#39;s loss dramatically in the second quarter. The company reported Wednesday a net loss of $96 million, or 16 cents per share, but
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Advanced Micro Devices reported a larger-than-expected loss but showed progress in curbing its expenses and capturing a share of strong demand for personal computers.
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Struggling chip-maker Advanced Micro Devices Inc. said Thursday its fourth-quarter net loss widened, partly due to a huge goodwill impairment charge related to its $5.6 billion acquisition of graphics chip-maker ATI Technologies Inc.
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STATS ChipPAC Ltd., the third-largest chip packaging firm, swung to a quarterly net loss and said it might remain in the red into 2005
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Advanced Micro Devices reported its fifth consecutive quarterly loss as it struggled to absorb the huge cost of its purchase of ATI Technologies, a graphics chip maker.
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The latest losses at chipmaker AMD are not as bad as  expected, thanks to surging sales of laptops.