Excess semiconductor inventories in the electronics supply chain declined significantly in the fourth quarter of 2004, marking the end of a nine-month run-up in surplus stockpiles and putting the industry on track to eliminate its chip overage in 2005, according to market analyst iSuppli.
South Korea-based Hynix Semiconductor - the world’s second largest DRAM supplier - has lost its legal bid to prevent US memory chip maker Rambus pursuing a lawsuit against it over alleged patent infringements.
STMicroelectronics - Europe’s second largest chip maker - has formed a new corporate executive committee to run the business once veteran president and chief executive officer Pasquale Pistorio retires in May this year.
Despite recent announcements to the contrary Finisar Corporation and Infineon Technologies have entered into a definitive agreement under which Finisar will acquire certain assets from Infineon's fibre optics business unit based in Berlin, Germany.
Photomask company Photronics has announced it has accepted the resignation of president and chief operating officer Paul Fego and promoted Sean Smith to senior vice President. Smith will continue to serve as Photronics' chief financial officer.
STMicroelectronics - Europe's second largest chip maker - has formed a new corporate executive committee to run the business once veteran president and chief executive officer Pasquale Pistorio retires in May this year.
Dutch lithography equipment giant ASML has reported impressive financial results for the fourth quarter of 2004, making net profits of euro 109 million on net sales of euro 785 million. However, concerns have been raised over the state of the company's order book, which shrunk significantly compared with the previous quarter.
German chip maker Infineon Technologies AG has announced that it expects revenues and earnings before interest and taxes (EBIT) in the first quarter of fiscal year 2005 to be below market expectations.