Amkor Technology Reports Financial Results for the Second Quarter 2016

TEMPE, Ariz.-- Amkor Technology Inc ( AMKR ) a leading provider of semiconductor packaging and test services, today announced financial results for the second quarter ended June 30, 2016.
 
"Second quarter results were above the high end of our guidance," said Steve Kelley, Amkor's president and chief executive officer. "Strong Android smartphone demand and a quicker recovery at our earthquake-damaged Kumamoto factory were the key drivers of our financial performance for the quarter. Our growth in sequential sales also drove an 8.1% improvement in EBITDA.”
Read more: Amkor Technology Inc ( AMKR )

Marvell Technology Group Ltd. Reports Fourth Fiscal Quarter and Fiscal Year 2016 Financial Results

SANTA CLARA, Calif., July 19, 2016 -- Marvell Technology Group Ltd. (MRVL), a global leader in integrated silicon solutions, today reported financial results for the fourth fiscal quarter and fiscal year 2016, ended January 30, 2016, and reported updated financial results for the second and third quarters of fiscal 2016, ended August 1, 2015 and October 31, 2015, respectively.  
 
Key Fourth Quarter of Fiscal 2016 and Fiscal Year 2016 Financial Highlights               
 
Revenue: Q4 FY 2016, $616 Million; FY 2016, $2.7 Billion
GAAP Net Earnings (Loss): Q4 FY 2016, $4 Million; FY 2016, ($811) Million (includes the settlement with CMU described below)
GAAP Diluted Earnings (Loss) Per Share: Q4 FY 2016, $0.01; FY 2016, ($1.59)
Non-GAAP Net Income: Q4 FY 2016, $55 Million; FY 2016 $194 Million
Non-GAAP Diluted EPS: Q4 FY 2016, $0.11; FY 2016 $0.37
Cash Flow from Operations: Q4 FY 2016, $53 Million; FY 2016 $205 Million
Cash and ST Investments: $2.3 Billion (prior to giving effect to the settlement with CMU described below)
Fourth Quarter of Fiscal 2016 and Fiscal Year 2016 Summary
Read more: Marvell Technology Group Ltd ( MRVL )

ParkerVision Enters into Patent License and Settlement Agreement with Samsung

JACKSONVILLE, Fla., July 18, 2016  -- ParkerVision, Inc.(PRKR), a leading developer and marketer of radio frequency technologies used in advanced wireless solutions, announced today that it has entered into a settlement and patent license agreement with Samsung Electronics Co., Ltd. and its affiliates (collectively, “Samsung”) for the perpetual, worldwide license of ParkerVision’s current patent portfolio, subject to certain exclusions. In conjunction with this agreement, ParkerVision will file a motion to terminate Samsung from a pending U.S. International Trade Commission investigation and dismiss its claims against Samsung in two United States District Court cases. The companies agreed not to disclose the specific financial terms of the agreement.
 
ParkerVision’s Chairman and CEO, Jeffrey Parker, commented, “Samsung is a world leader in technology and innovation, and we are pleased to welcome Samsung as a licensee of our technologies and to dismiss the outstanding litigation between the parties.” 
Read more: ParkerVision Inc ( PRKR )

Cree to Sell Wolfspeed to Infineon for $850 Million Cash

DURHAM, N.C.-- Cree, Inc. (CREE), a market leader in LED lighting, today announced execution of a definitive agreement to sell its Wolfspeed Power and RF division (“Wolfspeed”), which includes the silicon carbide substrate business for power, RF and gemstone applications, to Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) for $850 million in cash.
 
In 2015, the Company announced its strategy to become a more focused LED lighting company. As part of that strategy, the Company also announced the proposed IPO of Wolfspeed to create a more focused Power and RF management team, raise capital to fuel Wolfspeed’s growth and unlock value for Cree shareholders.
 
Subsequent to that announcement, the Company was approached by several parties interested in acquiring the business directly. After evaluating the strategic options, the Company concluded that selling Wolfspeed to Infineon is the best decision for our shareholders, employees and customers.
Read more: Cree Inc ( CREE )

Aehr Test Systems Receives $4.5 Million Order for New FOX-XP™ Wafer Level Test and Burn-in System

FREMONT, Calif., June 07, 2016 -- Aehr Test Systems (AEHR), a worldwide supplier of semiconductor test and burn-in equipment, today announced that it has received the first order for its new FOX-XP production test cell. The order totals over $4.5 million and includes a FOX-XP Multi-Wafer Test and Burn-in System, a FOX-XP WaferPakTM Aligner, and an initial set of FOX-XP WaferPak Contactors. $1.4 million of the order is shippable and payable immediately, and the remaining shipments and revenue from this sale are expected to continue through early calendar 2017.
 
Gayn Erickson, President and CEO of Aehr Test Systems, commented, “We are very excited about this new customer for our FOX-XP multi-wafer burn-in and test system and to receive the first order for a full production test cell of this new product. The customer is one of the world’s largest semiconductor manufacturers and has selected the FOX-XP solution for a high-volume production application where extended burn-in is required to meet their stringent quality standards. The customer’s end product will be used for high-speed communications in enterprise and server applications. It is much more cost-effective to do the burn-in required for this critical application at the wafer level on our new FOX-XP platform instead of in package form.
Read more: Aehr Test Systems ( AEHR )

Videos / Webinars

View all videos

Pepperstone | Metatrader 4 Forex Broker