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Stock Market & Financial Investment News

News Breaks
February 26, 2013
14:00 EDTXLNX, INTC, TSM, ALTRIntel, Altera advance after announcing semiconductor pact
Intel (INTC) and Altera (ALTR) are climbing after the two companies last night announced that Altera had agreed to use Intel's 14 nanometer tri-gate transistor technology to develop its programmable semiconductors. Altera's semiconductors target ultra high-performance systems for military, wireline communications, cloud networking, and compute and storage applications, the companies stated. "Next-generation products from Altera require the highest performance and most power-efficient technology available, and Intel is well positioned to provide the most advanced offerings," Intel COO Brian Krzanich stated. In a note to investors earlier today, Citigroup analyst Glen Young wrote that the deal is positive for both Intel and Altera. Intel obtained its first deal to develop semiconductors for another company at healthy margins, while Altera gained access to differentiating technology, Young believes. Intel's tri-gate technology is expected to deliver a 50% decrease in active power consumption, a 10x reduction in idle power consumption, and/or a 37% improvement in chip performance, the analyst explained. Meanwhile, the deal may carry margins as high as the mid-50s percentage range for Intel, added Young. One company that may not look favorably upon the deal is Taiwan Semiconductor Manufacturing Co. (TSM). The latter company has dominated semiconductor development and develops semiconductors for Altera, Stifel Nicolaus analyst Patrick Ho wrote in a note to investors earlier today. If Intel chooses to enter full force into the business of developing semiconductors for other companies, TSM would lose its edge in this business, Ho believes. In mid-afternoon trading, Intel climbed 2.70% to $20.80, Altera rose 2.8% to $36, and Taiwan Semiconductor fell 2.5% to $17.75. Meanwhile, Xilinx (XLNX), which also develops programmable semiconductors, lost 2% to $36.60.
News For INTC;ALTR;TSM;XLNX From The Last 14 Days
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March 27, 2015
15:44 EDTINTC, ALTRIntel in talks to buy Altera, WSJ reports
Intel (INTC) is in talks to acquire Altera (ALTR) in what would be Intel's largest deal ever, according to the Wall Street Journal, which added that terms of the deal and timing couldn't be learned. Reference Link
15:38 EDTALTR, INTCAltera up 12.5% after DJ reports Intel in acquisition talks
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15:36 EDTINTC, ALTRIntel in talks to buy Altera, DJ reports
06:08 EDTINTCMicron, Intel unveil new 3D NAND flash memory
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05:57 EDTINTCMicrosoft to push 2 inexpensive notebooks in mid-2015, DigiTimes says
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March 26, 2015
15:03 EDTTSMTSMC downgraded to Hold from Overweight at HSBC
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10:51 EDTTSMTSMC downgraded to Neutral from Buy at Citigroup
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08:30 EDTTSMLam Research selloff overdone, says Goldman
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08:26 EDTINTCSemi stocks less likely to rebound now than in 4Q14, says Goldman
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06:05 EDTINTCIntel to partner with notebook makers for Chromebook 2-in-1s, DigiTimes says
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05:56 EDTTSMTSMC to supply chips for rumored iPhone 6S and 6C models, DigiTimes reports
TSMC (TSM) will remain the major processor supplier for Apple (AAPL) in 2H15, reports DigiTimes. According to industry sources, TSMC will supply 20nm chips for the upcoming 6S and 6C models. TSMC is reportedly the sole supplier of processors for Apple's iPhone 6 and 6 Plus. Reference Link
March 25, 2015
05:52 EDTTSMTSMC to see flat to 5% revenue growth in Q2, DigiTimes reports
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March 24, 2015
09:37 EDTINTCHouse Energy & Commerce Committee to hold a hearing
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March 22, 2015
16:42 EDTINTCChip equipment slowdown may not be as bad as first thought, WSJ says
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March 20, 2015
07:24 EDTINTCBroadcom chip renews competition with in-house hardware makers, WSJ says
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06:24 EDTALTR, XLNXChina Mobile capex outlook negative for Xilinx, Altera, says Citigroup
Citigroup says the lower 2015 capital expenditure guidance from China Mobile (CHL) is negative for Xilinx (XLNX) and Altera (ALTR) since it offsets the higher spending at China Telecom (CHA) and China Unicom (CHU). Citi sees downside to consensus estimates for both Xilinx and Altera and keeps Neutral ratings on the stocks.
05:58 EDTTSMTaiwan chipmakers unaffected by water shortages, DigiTimes reports
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March 19, 2015
10:46 EDTINTCChinese firms using IBM technology in server chips, WSJ says
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09:02 EDTINTCIntel, Google, TAG Heuer announce Swiss smartwatch collaboration
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08:40 EDTINTCIntel Capital in talks to invest in Indian streaming service, TechCrunch says
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