SMIC Reports Double-Digit Growth in 2013

Shanghai — Semiconductor Manufacturing International Corporation (NYSE: SMI; SEHK: 981) (“SMIC” or the “Company”), one of the leading semiconductor foundries in the world, today announced its consolidated results of operations for the three months ended December 31, 2013. Fourth Quarter 2013 Highlights: — Revenue including wafer shipments from Wuhan Xinxin was $491.8 million in 4Q13,…

Broadcom Sales Up Nearly 4%

Irvine, Calif. — Broadcom Corporation (NASDAQ: BRCM), a global innovation leader in semiconductor solutions for wired and wireless communications, today reported unaudited financial results for its fourth quarter and year ended December 31, 2013. The Company also announced a nine percent increase to its quarterly dividend. “In 2013 Broadcom delivered record revenue in all three…

ST Delivers ‘Mixed’ Q3 Results

STMicroelectronics NV reported a smaller loss for the September quarter on a sharp reduction in impairment and restructuring charges but the chipmaker is still facing headwinds in several of its markets in addition to industrywide inventory correction and softer demand across the semiconductor market. In response, ST said it will continue to focus on growth…

EMS Providers Just Can’t Stop the Cost-Cutting

Contract manufacturers may be able to one day put away their cost-cutting scalpel but that won’t be for a while going by events in the market today. In the electronics manufacturing services (EMS) sector, cost-cutting and never-ending rounds of corporate reorganizations have become a way of life as customers and their contractors engage in a…