Finance

Bookham Technology has reaffirmed its commitment to UK manufacturing, despite poor results and plans to move its nominal headquarters and primary stock market listing to the US. “We are not shutting our UK sites,” Bookham CEO Giorgio Anania told Electronics Weekly. There are plans for significant cost-cutting actions this year as the optoelectronic semiconductor device manufacturer sees the strong pound eating ...

The fabless/foundry semiconductor business model is at risk of being swamped by the greater efficiency of their fab-owning rivals, the traditional semiconductor manufacturers. “For fabless companies – if they are not fully supported – it might be very difficult,” Hideo Inayoshi, senior vice president and board director at Renesas Technology, told the Future Horizons IEF 2004 conference in Prague last ...

The rate of industrial job losses has been slowed, said the CBI today, as it released quarterly figures showing a rise in orders at manufacturing firms. During 2003 some 25,000 UK manufacturing jobs were lost every three months, a rate which has now reduced to 17,000 per quarter, according to the Regional Trends Survey from the CBI and Experian. “Prospects ...

Citing strong performance across all its product families, STMicroelectronics today saw its Q1 revenues climb by 25.4 per cent year-over-year. The Geneva-based company posted revenues of $2.03bn, up from $1.618bn during the same period a year ago but down four per cent sequentially. “For the first time ST’s first quarter revenues exceeded the $2bn mark,” said Pasquale Pistorio, president and ...

Infineon Technologies has announced first quarter results with revenues three per cent higher than the previous quarter at €1.67bn, while net profit increased by 15 per cent to €39m. “Business performance not only improved because of the overall strong customer demand but also because of improved productivity,” said Max Dietrich Kley, acting CEO of Infineon. Kley said he expected revenues ...

Japan’s semiconductor industry is investing heavily again after a decade of low spending and retrenchment. There was a 40 per cent growth year in the domestic market last year driven by a surge in the digital consumer sector. “The Japanese semiconductor industry is coming back,” Toshihiko Ono, group president of Fujitsu’s electronics devices business group, told Electronics Weekly, “and the ...

ASML shows profit Dutch lithography maker ASML Holding reported first quarter profits of €21m, a significant increase compared to a year earlier when the company reported a Q1 loss of €82m. The product demand mix, however, favoured the less expensive 248nm systems over 193nm systems for both 200mm and 300mm wafer sizes leading to an average selling price of €8.4m, ...

Analysts’ expectations for semiconductor industry growth this year continue to edge upwards, with US forecaster Instat/MDR predicting a 29 per cent rise this year. Last month the US Semiconductor Industry Association forecast a 19.4 per cent growth year for the industry. Both the US forecasts are behind the prediction of UK forecaster Future Horizons which expects 32.2 per cent growth ...

The UK’s manufacturers are seeing a steady business recovery across the sector despite pressure on export sales from the high value of the pound. According to the CBI’s Quarterly Industrial Trends survey in total orders are increasing at their fastest rate for nine years. The recovery would have been even more marked had the relative strength of the pound, especially ...

Bookham Technology has highlighted a further reduction in overhead costs as it reported first quarter revenues of £22.5m, slightly down from fourth quarter 2003 revenues of £24m, and up 7% from first quarter 2003. The optoelectronic device supplier was hit by the unfavourable dollar/sterling exchange rate. The Oxfordshire-based firm, which is planning to move its HQ and primary stock market ...