Texas Instruments has raised its third-quarter earnings forecast on the expectation of a gradual recovery in the global semiconductor market, predicting much stronger earnings than it predicted back in July. TI has not stated that it expects end demand to increase, but it has revealed that TI customers have been increasing production. 
 
Several other companies in the semiconductor industry, such as Intel, seem to be raising their expectations for the third quarter, hinting at an overall improvement in an industry that originally suffered because of the recession’s crippling impact on demand and corporate technology spending. In particular, Intel’s brighter forecast provided …read more

Everyone likes a good profit story. And Intel is providing one. As the Dow and the S&P 500 head lower this morning, Intel has the Nasdaq hanging on in the black. Intel announced that its forecast for third-quarter revenue beats the Wall Street expectations. This is a sign that things are improving for the large chip maker, and it could mean that the technology sector is ready to move out of its slump.
Technology is one of those things hit hard by drops in consumer spending. When consumers are not confident about the economy, they often decide that technology projects are …read more

Amkor Technology, a company that tests and assembles microchips, unveiled a second quarter report that showed a massive fall in profit. Among the companies main customers are Intel and IBM.
Last year in the second quarter, Amkor Technology profited $65 million. This year, their profits were all the way down to $9 million. The drop was $56 million — or about 86%. Sales for the second quarter this year were down more than 25% to $507.
The good news? Amkor Technology actually did better than expected. Experts believed that the company would actually lose money this quarter. The revenue came in more …read more

Few industries are thriving as a result of this economic recession as most of the world’s businesses attempt to deal with the repercussions of the crisis and brace for the future. The personal computer industry has been especially hard hit, but a new report about hardware maker Intel may signal a reversal of fortune for the struggling PC companies.
Sales have dropped across the board for hardware makers in numbers ranging from one fifth to one quarter. Even computer giant Microsoft has been hit hard by the recession, laying off a large number of employees after a disappointing downturn in sales.
Intel, …read more

According to an announcement by Intel today, the computer giant has decided to purchase Wind River Systems, a software company, for $11.50 a share, totaling a whopping $884 million. By doing so, Intel hopes to diversify its product base by putting its chips into a wider variety of consumer electronic products.
 
Wind River, which serves several high profile clients, makes operating systems for electronic devices. By purchasing Wind River, Intel, which already dominates the processor market for personal computers, will be able to expand into new markets. Eventually, Intel hopes to absorb Wind River’s customer list in hopes of acquiring more …read more

On Wednesday, Craig Barrett will retire from Intel, the semiconductor giant. Barrett is regarded by many as one of the most influential CEOs in the recent history of the United States, especially in the technological fields.
Today, Intel is known for their microprocessors, however it wasn’t always that way. Not too long ago, Intel trailed far behind competitors. But thanks to Barrett’s work while at Intel, the company dominates the microprocessor industry around the globe.
Said Barrett: “Intel became the world’s largest and most successful semiconductor company in 1992 and has maintained that position ever since. I’m extremely proud to have helped …read more

Intel and AMD have battled in a fierce rivalry in the last few years. As the two microprocessor giants in the computer industry, they’ve gone head-to-head constantly. AMD has long said that Intel has utilized unfair business practices and on Wednesday, the European Union agreed and fined Intel more than $1.4 billion.
The amount of the fine is a record amount and could very well lead to the regulators in the United States looking closer at Intel. AMD has said that Intel oftentimes bullies computer makers and offers their product at unreasonably low prices to stifle competition and try to force …read more

Intel makes a large investment in ClickandBuy’s parent company.