TTM Technologies, Inc. Reports Third Quarter 2016 Results

COSTA MESA, Calif., Oct. 26, 2016  -- TTM Technologies, Inc. (TTMI), a leading global printed circuit board (“PCB”) manufacturer, today reported results for the third quarter 2016, which ended September 26, 2016. 
 
Third Quarter 2016 Highlights
Net sales were $641.7 million
GAAP net income attributable to stockholders was $25.6 million, or $0.23 per diluted share
Non-GAAP net income attributable to stockholders was $40.1 million, or $0.39 per diluted share
Adjusted EBITDA was $102.2 million
Third Quarter 2016 Financial Results 
Net sales for the third quarter of 2016 were $641.7 million, compared to $652.0 million in the third quarter of 2015 and $601.8 million in the second quarter of 2016.
Read more: TTM Technologies Inc ( TTMI )

NXP Delivers Enhanced Security Solution to Protect Personal Data for Payment and eGovernment Services

EINDHOVEN, Netherlands, Sept. 29, 2016  -- NXP Semiconductors N.V. (NXPI) today unveiled its next generation of SmartMX2 P60 Step-Up! that offers customers unique security features such as PUF (Physical Unclonable Function) anti-cloning technology for higher encryption key protection.
 
Today, many Smart City initiatives seek to make urban living simpler, safer and healthier. These initiatives drive greater demand for secure technologies to protect individual and financial credentials. To address this demand, NXP’s new SmartMX2 P60 Step-Up! Secure Element provides secure authentication and confidential data exchange.
Read more: NXP Semiconductors NV ( NXPI )

Renesas to Acquire Intersil to Create the World’s Leading Embedded Solution Provider

TOKYO & MILPITAS, Calif. -- Renesas Electronics Corporation (“Renesas”, TSE: 6723), a premier supplier of advanced semiconductor solutions, and Intersil Corporation (“Intersil”, NASDAQ:ISIL), a leading provider of innovative power management and precision analog solutions, today announced they have signed a definitive agreement for Renesas to acquire Intersil for US$22.50 per share in cash, representing an aggregate equity value of approximately US$3.2 billion (approximately 321.9 billion yen at an exchange rate of 100 yen to the dollar). The transaction has been unanimously approved by the boards of directors of both companies. Closing of the transaction is expected in the first half of 2017, following approval by Intersil shareholders and the relevant governmental authorities.
 
The acquisition combines two long-standing industry leaders in their respective segments. Together, Renesas’ and Intersil’s deep expertise across a number of state-of-the-art technologies and end markets will enable the combined company to become a complete solution provider of embedded systems to customers.
Read more: Intersil Corporation ( ISIL )

 

Applied Optoelectronics Increases Guidance for Third Quarter 2016 

SUGAR LAND, Texas, Sept. 06, 2016 -- Applied Optoelectronics, Inc. (AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, and fiber-to-the-home markets, today announced updated guidance for its third quarter ended Sept. 30, 2016.
 
Revised Third Quarter 2016 Guidance+
Revenue in the range of $63.0 million to $65.0 million, above the prior outlook of $56.0 million to $59.0 million.
Non-GAAP gross margin in the range of 30.5% to 32.0%, the same as the prior outlook of 30.5% to 32.0%.
Non-GAAP net income in the range from $4.7 million to $5.2 million, above the prior outlook of $2.9 million to $3.8 million.
Read more: Applied Optoelectronics Inc ( AAOI )

Aehr Test Systems and Semics Inc. Announce Manufacturing and Development Partnership for FOX™ Wafer Handling and Investment by Semics in Aehr Common Stock

FREMONT, Calif. and SEONGNAM, South Korea, Aug. 24, 2016 -- Aehr Test Systems (AEHR), a worldwide supplier of semiconductor test and burn-in equipment, and Semics Inc., a semiconductor test equipment provider that produces fully automatic wafer handling and probing systems, today announced a development and manufacturing partnership between the two companies, including an investment by Semics in 200,000 shares of Aehr Test Systems common stock.
 
Aehr Test and Semics have a strategic partnership in place that includes a multi-year supply agreement for the development and manufacture of Aligners for Aehr Test’s multi-wafer FOX test and burn-in systems. The initial products resulting from this partnership have been delivered to customers and have been successfully implemented and qualified in a production environment, and the two companies expect to collaborate on additional wafer automation projects in the future.
Read more: Aehr Test Systems ( AEHR )

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