news digest ♦ compound semiconductor ♦ financial news
100G. GigOptix also offers a wide range of mixed- signal and RF ASIC products including Standard Cell, Hybrid and Structured ASICs targeting the Consumer, Industrial, Defense & Avionics industries.
Skyworks Raises Revenue and Earnings Outlook for FY Q4 2010
The firm has raised its current quarter guidance to $310 million in revenue and $0.40 of non-GAAP diluted EPS.
Skyworks Solutions, an innovator of high reliability analog and mixed signal semiconductors enabling a broad range of end markets, has updated its financial outlook for the fourth quarter of fiscal 2010.
Given broad-based improvements in order demand, the Company now anticipates revenue of $310 million versus its previous guidance of $300 million. This would represent a 36 % year-over-year increase and a 13 % increase sequentially for the fourth fiscal quarter.
Skyworks also expects to deliver non-GAAP diluted earnings per share of $0.40 versus $0.37, which would represent a 67 % increase when compared to the same period a year ago and a 25 % increase sequentially. The company’s previous guidance was provided on July 22, 2010 during its third fiscal quarter conference call.
Skyworks is hosting an Analyst Day today in Boston beginning at 9:30 a.m. Eastern time. Members of the executive team will provide a business overview, discuss market and technology trends, operational plans and financial objectives.
To listen to the webcast via the Internet, please visit the Investor section of Skyworks’ Web site at www.
skyworksinc.com .
For information regarding the use of a non-GAAP EPS estimate in this press release, please refer to the Discussion Regarding the Use of Non-GAAP Financial Measures set forth below.
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www.compoundsemiconductor.net October 2010
Skyworks Solutions is an innovator of high reliability analog and mixed signal semiconductors. Leveraging core technologies, Skyworks offers diverse standard and custom linear products supporting automotive, broadband, cellular infrastructure, energy management, industrial, medical, military and mobile handset applications.
The Company’s portfolio includes amplifiers, attenuators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure RF subsystems, mixers/demodulators, phase shifters, PLLs/synthesizers/VCOs, power dividers/ combiners, receivers, switches and technical ceramics.
Headquartered in Woburn, Mass., Skyworks is worldwide with engineering, manufacturing, sales and service facilities throughout Asia, Europe and North America.
Huga signs NT$ 2 bn loan co- led by Hua Nan Commercial Bank
Taiwanese firm Huga has received the loan in order to increase its capacity for LED wafer and chip manufacturing to cope with demand.
Huga Optotech and Hua Nan Commercial Bank have signed a syndication loan agreement by its representatives in Taipei. The deal is valued at NT$ 2 bn.
Founded in 1998, Huga Optotech is a leading manufacturer of light emitting diode (LED) semiconductor devices dedicated to LED chips and wafer production.
The credit line is reserved for funding Huga’’s expansion in Central Taiwan Science Park (CTSP). Six major banks - Hua Nan Commercial Bank, Taiwan Cooperative Bank, Industrial Bank of Taiwan, Mega International Commercial Bank, Chang Hwa Bank, and The Shanghai Commercial & Savings Bank, financed the deal.
The signing ceremony was co-hosted by the chief representatives from both sides; Dennis Chen from Huga and CY Lee from Hua Nan.
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