TI Deal Clears Regulatory Reviews

DALLAS — Texas Instruments Incorporated (TI) (NYSE: TXN) and National Semiconductor (NYSE: NSM) today announced that TI's proposed acquisition of National has cleared all required regulatory reviews, moving the companies closer to the transaction close. The companies expect the transaction to be complete on September 23, just slightly ahead of the six- to nine-month timeframe…

Details

Arrow, Nu Horizons Removed From Cypress Complaint

SAN JOSE, Calif. — Cypress Semiconductor Corp. (NASDAQ:CY) today announced that Arrow Electronics, Inc. and Nu Horizons Electronics Corp. executed an agreement that will remove Arrow and Nu Horizons from Cypress’s complaint to the United States International Trade Commission (ITC) regarding alleged infringement of Cypress’s SRAM patents by GSI Technology, Inc. Cypress’s complaint seeks an…

Details

Xilinx Updates Sales Guidance

SAN JOSE, Calif. — Xilinx, Inc. (Nasdaq: XLNX) today provided a revised sales forecast for the September quarter. Sales are now expected to decline 7% to 10% sequentially. This is a revision from previous guidance that called for sales to be up 1% to down 3% sequentially. Weaker than expected sales growth during the quarter…

Details

Arrow Completes Chip One Stop Tender Offer

MELVILLE, N.Y. — Arrow Electronics, Inc. (NYSE:ARW) announced that the company has successfully completed the all-cash tender offer to acquire Japan-based Chip One Stop (TSE:3343). Arrow will be acquiring approximately 94% of the common shares of Chip One Stop. All necessary regulatory approvals related to the tender offer have been received. Headquartered in Yokohama, Japan,…

Details

Avnet Incorporates AOpen Components

PHOENIX — Avnet Embedded Americas, a division of Avnet Electronics Marketing, an operating group of Avnet, Inc. (NYSE: AVT), announced today that it will now offer AOpen’s line of digital signage media players and ultra-small form factor (uSFF) components to its customers. This distribution agreement expands upon an existing, pan-European agreement between the two companies…

Details

Future Electronics Adds Support Feature

MONTREAL –- Future Electronics is pleased to announce they are providing complete customer support including shipping during the last weekend of the calendar quarter. During the weekend of September 23rd-25th, Future Electronics will be fully operational in every region, from the US to China. Working with their logistic partners, Future Electronics will be able to…

Details

Questions for Philips

Just when you thought a company was on track, another flurry of news forces a pause and raises the obvious question: What's really going on there? The spotlight falls again on {complink 4267|Royal Philips Electronics N.V.} Last week, executives told analysts that they were simultaneously deepening their cost-cutting efforts and reconfirming 2013 financial targets. A…

Details