Intel Corp raised its outlook for third-quarter revenue on stronger-than-expected demand for its microprocessors and chipsets, offering the latest signal that spending on computers is on the upswing.
Stocks gave up most of their gains on Friday after initially spiking to 10-month highs as weak consumer sentiment data offset an upbeat forecast from chipmaker Intel and better-than-expected profit from computer maker Dell.
Wall Street was set to open sharply higher on Friday after an improved revenue forecast from Intel Corp and better-than expected quarterly profit from Dell Inc boosted the technology sector and consumer spending rose in July.
Japan's NEC Electronics Corp and Renesas Technology may receive a $2.1 billion bailout from their parent companies to bring about the merger of the two loss-making chipmakers in a sector wracked by weak demand and prices, the Nikkei business daily said.
Taiwan's Asustek is pinning its recovery hopes on emerging markets such as China as the pioneer of netbooks struggles to compete with bigger rivals such as Hewlett-Packard and Acer.
Shares of chipmaker Advanced Micro Devices Inc rose nearly 10 percent on Monday after Citigroup upgraded the company to a buy.
Apple announced Monday that the latest version of its Mac OS X operating system would be available starting Friday, August 28.
Apple will ship its new Mac OS X version, Mac OS X 10.6 Snow Leopard, on Friday, Aug. 28, the company's released in its website on Monday.
The Irish unit of Intel, the world's No. 1 chipmaker, on Thursday launched a campaign in favour of a Yes vote in the October referendum on the European Union's Lisbon reform treaty.
Intel on Tuesday said its X25-M and X-18-M SATA SSD, which was pulled back in shipments recently is now ready to ship on bugs free by updating its firmware.
A European Union official will tell antitrust regulators they failed to consider potentially exculpatory evidence in a ruling against chip maker Intel Corp, according to a source who had seen a confidential report.
Worldwide PC chip sales on Thursday soared 10.1 percent in the second quarter, but it still is in weak condition, according to IDC.
Lenovo , the world's No. 4 PC brand, relied on Chinese government-backed demand boost to cut quarterly losses and was wary on its outlook, underlying the fragility of its recovery.
The world's No. 4 PC brand, Lenovo , reported a smaller-than-expected first-quarter loss on Thursday, thanks to China's massive stimulus package and further boosting hopes of a rebound.
On Tuesday, Intel unveiled new low power Xeon chips which automatically lower its power usage when not in use. The new low voltage version of the Intel Xeon 5500 series processor, dubbed “Xeon L5530, provides performance per watt improvements in blades and high-density computing.
The world's largest chip maker, Intel on Tuesday launched new software application that runs in a social networking that will save the world in donating spare processing power in a computer to a worthwhile cause's effort.
Intel fixes 34nm SDDs defects, halt its shipment
Intel is predicting speedy adoption of the upcoming Windows 7 from Microsoft. The rapid adoption of the new operating system will spread through enterprise according to Sean Maloney, executive vice president and chief sales and marketing officer for Intel at the Intel Technology Summit.
TSMC , the world's largest contract chipmaker, underlined the strong recovery in the once-struggling sector as it clocked its biggest profit in three quarters and raised its capital spending target.
Following a year of to-and-fro negotiations, Microsoft Corp. and Yahoo Inc. finally agreed to partner up in the Internet-search sector in a joint effort to beef up competition against search-engine giant, Google.
Intel Corp said on Wednesday it no longer expects netbooks to appeal to first-time computer buyers, but sees continued sales of the ultra-portable laptops as a secondary machine or a durable option for kids.
Top Asian and European semiconductor manufacturers gave optimistic forecasts for the second half of the year as they saw demand and prices improving, but said they would continue to monitor the market closely.