Santa Clara (CA) - Intel today announced a widely expected major restructuring process which will involve laying off and "re-deploying" employees. The company plans to shrink its workforce by 7500 people until the end of the year and by another 3000 during H1 of 2007. "Most" job reductions this year will occur in management, marketing and information technology functions, Intel said.
Shawn Fanning, founder of the Napster file-sharing service, gets another opportunity to shape the music business: Snocap, which he co-founded in 2002, today announced that it will offer artists and labels tools and storefronts to sell music to the MySpace community.
Sources at chipset makers speculate that Intel intends to attract a number of graphics talent with high salaries and preferential welfare benefits at the same time the vendor reportedly is scheduled to soon announce a layoff of 10,000-20,000 employees.
The unit price of AMD Turion 64 X2-based notebooks is on average about $150 less than an Intel Core 2 Duo (Merom)-based notebook, according to product portfolios that notebook vendors have offered.
Samsung Electronics, which was known as a chief advocate of the MultiMediaCard (MMC) format, is said to land microSD card orders from Nokia, according to industry sources considering this as a proof of relatively poor sales of MMC cards.
Revenues from semiconductors saw an 11.5% year-over-year increase in July. Sales of $20.1 billion were also up 1.8% over the June result of $19.8 billion.
Intel may be preparing to announce the major portion of its restructuring efforts next Thursday. According to News.com, Intel will be cutting up to 10,000 jobs and announce such a move next Tuesday after market close.
If Cnet's sources are right, the number of total layoffs would exceed 10% of Intel's workforce.
Intergraph said it has signed a "definitive agreement" to be acquired by an investor group led by Hellman & Friedman and Texas Pacific Group in a transaction valued at approximately $1.3 billion.
Getting fired is traumatic enough, but imagine getting fired by email. Radio Shack emailed layoff Tuesday morning to 400 of its workers at the Forth Worth Texas headquarters. The company had warned on 10 August that it would cut hundreds of jobs.
Quanta Computer president Michael Wang stated that the company has set a 12-month shipment goal of 10 million notebooks for the $100 laptop project, initiated by the One Laptop per Child (OLPC) research initiative, starting from when actual shipments kick off at the end of the first quarter, 2007.
Spansion has a confident outlook for NOR flash in 2006 and anticipates the NOR flash market will be stronger than that for NAND flash, said company executive vice president and chief operating officer Jim Doran.
Intel has taken up an approximate 10% stake in InComm after the controller IC design house joined the Intel-advocated Open NAND Flash Interface (ONFI) working group in July, according to industry sources.
The failure of SMIC to comply with the terms of a cross-licensing agreement between the China-based foundry and Taiwan Semiconductor Manufacturing Company (TSMC) has led TSMC to claim damages of $130 million in the Superior Court of the State of California, according to TSMC.
AT&T said today it would set up and pay for credit monitoring services, after having notified those who may have been affected. In the company's statement this morning, AT&T chief privacy officer Priscilla Hill-Ardoin said, "We recognize that there is an active market for illegally obtained personal information."
Sony's target shipment volume of four million PlayStation 3 (PS3) consoles by the end of this year is likely to be cut to two million units because volume production is not set yet, according to sources in Taiwan's game console manufacturing industry.
AU Optronics (AUO) will be the top maker worldwide this month for 32" LCD panels, with the company estimating it will ship 400,000 units, while LG.Philips LCD and Chi Mei Optoelectronics (CMO) will place second and third with 360,000 and 320,000 shipments, respectively, according to industry sources.
Qimonda and Winbond Electronics today announced that they have signed an agreement to expand their existing cooperation on the production of standard memory chips (DRAMs).
