SCOTTSDALE, AZ – The tepid semiconductor market isn’t slowing spending on chip research and development. First quarter semiconductor R&D grew 12% to $11.1 billion compared to the same period last year, says IC Insights.
WASHINGTON -- May orders to factories for manufactured
durables were flat, ending a two-month slump, on demand for aircraft and
computers, the Commerce
Department said today.
Orders for durable goods -- items that are designed to last three or more years -- showed no change in May, after falling 1% in April and 0.2% in March.
ST. PETERSBURG, FL -- Jabil's fiscal third-quarter net profit rose 519% to $38.4 million on sales of $3.09 billion, up just under 3%.
For the quarter ended May 31, Jabil cut its restructuring
and impairment charges to $3.5 million, from $25.3 million
last year. However, the EMS firm also pared its R&D expenses about 24% to $8 million in the quarter.