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Intel Takes Big Step in Chip Foundry Business

Intel Corp (NASDAQ:INTC) has agreed to make chips on behalf of Altera (NASDAQ:ALTR), a significant step toward opening its prized manufacturing technology to customers on a larger scale, potentially including Apple (NYSE:AAPL).Sharing its manufacturing plants, or fabs, to strategic customers could help the world's top chipmaker offset the growing costs of developing new technology and help keep the plants running near capacity as Intel's traditional PC business loses steam.Intel will make Altera's programmable chips using its upcoming 14 nanometer trigate transistor technology, the most notable agreement of its kind announced so far by the chipmaker."It's a step in terms of building into a business level we wish to achieve," Sunit Rikhi, Vice President and General Manager of Intel custom foundry, told Reuters on Monday. "There's no doubt in my mind the foundry will be a significant player in the future."Building new generations of chip manufacturing plants is becoming more and more exp...

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  1. Xilinx Profit Down 16% Amid Revenue Drop

    Xilinx Inc. reported after close Wednesday a fiscal first-quarter profit of $129.8 million, or 47 cents a share, down from $154.4 million, or 56 cents a share a year...

  2. Citrix, Xilinx Among Early Tech-sector Gainers

    Tech stocks took some steps forward Thursday, with Citrix Systems Inc. and Xilinx Inc. among the gainers following those companies upbeat quarterly results. However,...

  3. Xilinx Net Falls, But Outlook Beats Street

    Xilinx Inc. on Wednesday reported fiscal fourth-quarter profit of $134 million, or 49 cents a share, compared with a profit of $160 million, or 59 cents a share, for...

  4. Cummins, Joy Global Among Stocks Down on Above-Average Volume Tuesday

    A few stocks are down on high volume today:Cummins Inc. (NYSE: CMI ) experienced a price drop on above-average volume today, with 4.4 million shares, or 1.6 its aver...

  5. Xilinx CEO on Programmable Semiconductor Chips

    Xilinx CEO Moshe Gavrielov on how the flexibility of the company’s programmable semiconductor chips benefits its customers.

  6. Xilinx Net Slips, But Outlook Beats Views

    Xilinx Inc. on Wednesday reported a fiscal third-quarter profit of $127 million, or 47 cents a share, compared with a profit of $152 million, or 58 cents a share, fo...

  7. Banks Selloff Dashes Hopes for Santa Claus Rally

    FOX Business: The Power to ProsperHopes for the start of a bullish Santa Claus rally were shattered on Monday as renewed jitters about the prospects for financial st...

  8. Dow Sheds 100 Points as Bank Selloff Accelerates

    FOX Business: The Power to ProsperSelling on Wall Street gathered steam late Monday as shares of tumbling financial stocks like Bank of America shoved the Dow about ...

  9. Xilinx Lowers 3Q Sales Outlook

    Xilinx (NASDAQ:XLNX) lowered its third-quarter sales guidance on Monday, citing a decline in large customer business in its communications segment.The San Jose, Cali...

  10. Wall St Week Ahead: Earnings calls wake up to Wall Street pain

    By Claire SibonneyNEW YORK (Reuters) - Earnings forecasts for U.S. companies are starting to feel the pain on Wall Street and in the broader economy as the odds of a...

  11. Xilinx Cuts 2Q Sales View

    Xilinx (NASDAQ:XLNX), a maker of programmable logic devices, unveiled a softer sales forecast for its second quarter due to weaker-than-anticipated performance in it...

  12. The Latest in Semiconductor-Chip Technology

    Xilinx CEO Moshe Gavrielov on the flexibility of the company’s chips to be reprogrammed as the needed functions change.

  1. Xilinx Reports Earnings, Sales Decline

    Xilinx Inc. on Thursday reported a fiscal third-quarter profit of $103.6 million, or 38 cents a share, on revenue of $510 million, compared with earnings of $127 mil...

  2. AT&T to boost annual spending 16 percent to $22 billion

    AT&T Inc will boost capital spending by about 16 percent to $22 billion a year for the next three years to upgrade its wireless and wireline networks, the company sa...

  3. Rajaratnam friend agrees to settle SEC insider trading case

    A former chief financial officer at Xilinx Inc on Friday became the latest executive to settle civil charges of being part of now-imprisoned hedge fund tycoon Raj Ra...

  4. SEC Charges Exec In Galleon Insider-trading Case

    The Securities and Exchange Commission on Friday charged a former senior executive at a Silicon Valley technology company for allegedly illegally tipping convicted h...

  5. Xilinx CEO on the Impact of Global Economic Issues

    Xilinx CEO Moshe Gavrielov on the macroeconomic issues weighing on the technology sector.

  6. Xilinx Earnings Slip; Revenue Forecast Lower

    Xilinx Inc. said Wednesday afternoon that revenue and earnings declined by 2% in its second fiscal quarter, and the maker of programmable logic semiconductor product...

  7. Xilinx 1Q Results: Postgame Scorecard

    Revenue growth helped Xilinx (NASDAQ:XLNX) reap higher profit in the first quarter.Earnings and Revenue The company experienced stronger-than-expected EPS and revenu...

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