STMicroelectronics 1H Revenue Down 9%

STMicroelectronics Reports 2014 Second Quarter and First Half Financial Results Second quarter net revenues and gross margin improved sequentially to $1.86 billion and 34%, respectively Second quarter net result returned to profit Nano2017 R&D program approved by the European Union Capital structure strengthened with $1 billion senior unsecured convertible bond financing in July 2014 Geneva…

Microsemi Acquires Mingoa

Aliso Viejo, Calif. — Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, today announced it has acquired Cork, Ireland-based Mingoa, a leading provider of semiconductor IP for hardware accelerated Ethernet OAM and embedded tests. The terms of the transaction were not disclosed. Mingoa, founded in 2009 as a…

IPC, Celestica Tackle Pb-Free Issues

IPC and Celestica announce that the IPC Pb-free Electronics Risk Management (PERM) Council is meeting in Toronto, Canada, July 22–24, to discuss lead-free conversion issues related to the safety, performance, reliability and affordability of electronics in the aerospace, defense, medical and other high-performance markets. The meeting is hosted by Celestica, a global leader in the…

Arrow Honors ITT

ITT Corporation (NYSE:ITT) announced that its Interconnect Solutions (ICS) business was honored by Arrow Electronics with its “2013 Largest Growth Supplier” award in the “Connectors” category for North America. Previously, Arrow honored ICS with its Partner of the Year and Largest Sales Growth, Connector Products, awards in 2012. ICS was also named Fastest Growing Supplier…

SanDisk Acquires Fusion-io

SanDisk Corporation (NASDAQ: SNDK), a global leader in flash storage solutions, today announced it has completed the previously announced acquisition of Fusion-io, a leading developer of flash-based PCIe hardware and software solutions that enhance application performance in enterprise and hyperscale datacenters. “I am delighted to welcome the employees of Fusion-io to SanDisk. The tremendous engineering…

Broadcom Q2 Revenue Slips

Broadcom Corporation (NASDAQ: BRCM), a global innovation leader in semiconductor solutions for wired and wireless communications, today reported unaudited financial results for its second quarter ended June 30, 2014. “Broadcom performed well in the June quarter,” said Scott McGregor, Broadcom’s President and Chief Executive Officer. “We recently made the difficult, but prudent decision to wind…