news digest ♦ Telecoms
The company hosted a conference call to discuss its financial results and a webcast replay is available by visiting the Investors page at
www.hittite.com.
Hittite Microwave Corporation is an innovative designer and manufacturer of high performance integrated circuits, or ICs, modules, subsystems and instrumentation for technically demanding digital, RF, microwave and millimetrewave applications covering DC to 110 GHz. The company also started marketing GaN power amplifiers earlier this month.
Infinera revenues inflate by
48 percent thanks to DTN-X The indium phosphide telecoms specialist has had a fruitful 3 months with three new customers deploying its DTN-X platform
nfinera Corporation, an innovator in InP Intelligent Transport Networks, has released financial results for the second quarter ended June 29th, 2013.
Taking III-V growth into the
next dimension A new process enables the relatively inexpensive growth of III- Vs. The VLS process is claimed to enable similar optoelectronic properties to those obtained by III-Vs grown using MOCVD
Engineers at the University of California, Berkeley, have developed an inexpensive new way to grow thin films of InP. This achievement could bring high-end solar cells within reach of consumer pocketbooks. The work, led by Ali Javey, UC Berkeley associate professor of electrical engineering and computer sciences, is described in a paper published in Scientific Reports, Nature’s peer-reviewed open access journal. “Performance is everything in the solar cell industry, but performance at a reasonable cost is key,” says Javey, who is also a faculty scientist at the Lawrence Berkeley National Laboratory. “The techniques we are reporting here should be a game-changer for III-V solar cells, as well as for LEDs.” The most efficient photovoltaics are made from III-V compounds. However, the complex manufacturing requirements for III-V materials make them up to ten times more expensive than silicon. This limits their use in military applications and NASA satellites.
GAAP revenues for the second quarter of 2013 were $138.4 million compared to $124.6 million in the first quarter of 2013 and $93.5 million in the second quarter of 2012.
GAAP gross margin for the second quarter of 2013 was 37 percent compared to 34 percent in the first quarter of 2013 and 35 percent in the second quarter of 2012. GAAP net loss for the quarter was $10.0 million, or $0.09 per share, compared to net loss of $15.3 million, or $0.13 per share, in the first quarter of 2013 and net loss of $29.5 million, or $0.27 per share, in the second quarter of 2012.
Management Commentary
“We continued to increase momentum in the second quarter, delivering strong revenue growth, improved gross margin, and positive cash flow from operations,” said Tom Fallon, chief executive officer. “Customer acceptance of the DTN-X platform also continues to grow. During the quarter, we received seven new purchase commitments, including three from customers new to Infinera, bringing the total number of commitments to 34 since the platform was introduced a year ago.”
98
www.compoundsemiconductor.net August/September 2013
UC Berkeley engineers could help make high-end solar cells, currently used in satellites and other space and military applications, affordable for consumer markets. (iStockPhoto)
The conventional growth of III-Vs requires expensive epitaxial growth substrates, low precursor utilisation rates, long growth times, and large equipment investments. Addressing this issue, UC Berkeley researchers decided to explore cheaper ways to grow the III-V material indium phosphide (InP). They
“Our success reflects the strategic commitment of our customers to a new architecture as they face massive traffic growth, operational complexity and increasing demand for instant delivery of services. Infinera’s recently announced Intelligent Transport Network offers a clear path for service providers to address these challenges, while providing a compelling economic value proposition.
“We remain focused on winning new network deployments and expanding our market presence to generate sustainable revenue growth and profitability in the future while we help our customers prepare for the Terabit Era.”
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