News
WASHINGTON, DC – Intel today announced plans to spend $7 billion over the next two years to build advanced manufacturing facilities in the US. The investment funds deployment of Intel's 32nm manufacturing technology and represents Intel's largest-ever investment for a new manufacturing process.
MELVILLE, NY -- Arrow Electronics reported fourth-quarter net income fell 62% year-over-year to $43.2 million on a 7.5% drop in revenue to $4.09 billion.
Excluding the company's acquisition of Logix, revenue would have falled 12%.
The company guided for first-quarter revenue of $3 billion to $3.6 billion.
In a statement, chairman and chief executive William E. Mitchell said, "We expect the marketplace to continue to be unsettled and that visibility will remain limited most likely through 2009."
SANTA CLARA, CA – Agilent Technologies plans to exit the electronics inspection systems business by the end of March, the company announced today. The company deferred comment on the number of persons affected or potential financial charges.
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