Sprint Nextel formally announced plans to make a major bet on WiMax, a next-generation technology for high-speed wireless Internet communications that the telecom and wireless company plans to invest as much as $5 billion in over the next 10 years. Sprint announced it will market its WiMax offering ...
Chipmaker Texas Instruments narrowed its second-quarter fiscal outlook late Monday, reducing the high end of its forecast range on weaker demand for wireless networking gear and calculators sold to the education market. Texas Instruments -- a bellwether of sorts because it is the world's largest mak...
The wheels are in motion to create an economy free of paper money and coins. The first steps of that quiet revolution have long been in place for years and touch tens of millions of consumers every day. This includes consumers rolling through tollbooths without stopping, their in-car transponders be...
Worldwide sales of semiconductors reached US$22.7 billion in November, an increase of 11.3 percent from the $20.4 billion in sales recorded during the same month in 2005, the Semiconductor Industry Association announced Tuesday. For the fifth straight month, the industry has set new sales benchmarks...
Philips Electronics said Thursday it had reached an agreement to sell a majority stake in its semiconductor business to a group of private equity firms for US$4.4 billion. Philips said the sale would enable it to focus on its core business of producing consumer and industrial electronics devices. Ko...
Mobile technology developer Qualcomm is facing charges from U.S. based companies that it improperly used its market dominance to squelch competition in Korea, where regulators are probing a fresh batch of complaints. Korea's Fair Trade Commission is examining complaints from Dallas-based Texas Instr...
A new study by ABI Research indicates that an array of semiconductor developers have designed US$10 chipsets for receiving and displaying TV on mobile phones -- a price point that marks the first important benchmark for the growth of mobile phone-based TV and video applications. "This ramp-up in mar...
Qualcomm said Monday it had asked the U.S. International Trade Commission to investigate what the wireless phone and technology maker says is widespread patent infringement by rival Nokia. The move is just the latest legal maneuver between the two wireless rivals, which are locked in a battle over p...
Texas Instruments today announced a definitive agreement to sell its sensors and controls business to a global private equity investment firm for US$3 billion in cash. Bain Capital, LLC will purchase the Attleboro, Mass. division that supplies engineered sensors and controls to the appliance, climat...
A group of communications technology firms has filed complaints with the European Commission (EC), asking that agency to investigate whether Qualcomm engaged in anti-competitive practices in the licensing of its technology for so-called 3G mobile networks and handsets. The companies that filed compl...
Consumer and business demand for wireless networks will drive strong growth in the wireless local area network (WLAN) semiconductor segment for the next four years, according to a new report from research firm IDC. In addition to demand for existing technologies, IDC said it sees new technologies in...
Stock markets were mixed today as investors bought up the blue chips but were more cautious on tech shares ahead of a key update from Intel. The Dow rose 45.89, or 0.42 percent, to 10,851.51. The Standard & Poor's 500 index was also higher, moving up by 2.24 points, or 0.19 percent, to close at ...
Another jump in oil prices and a lackluster outlook from a key semiconductor firm sent stocks into negative territory today. The Dow lost 24.24 points, or 0.22 percent, to 10,912.62. The Nasdaq lost 16.66, or 0.8 percent, to 2,073.55 and the S&P 500 index fell 5.88, or 0.5 percent, to close at 1...
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