News
TOKYO -- As predicted by Circuits Assembly last year, following its promotion of entertainment guru Howard Stringer Sony Corp. has upped outsourcing of its electronics products. It recently signed a deal with Premier Image Technology of Taiwan, and is reportedly in talks with other Taiwanese companies, including Ability Enterprise Co., Asia Optical Co., and Altek. A decision is expected by March.
Altek also builds product for Kodak and HP. Asia Optical builds for Olympus, and Ability makes digital cameras for Samsung and Casio.
Sanyo is leading digital camera vendor, shipping some 13 million units this year.
PALO ALTO, CA -- The sale of Agilent Technologies' semiconductor chip division to a pair of private equity firms is complete. The $2.6 billion acquisition by Kohlberg Kravis Roberts and Silver Lake Partners closed yesterday, creating a new company with some $1.8 billion in revenue this year.
The new company will be known as Avago Technologies and be based in San Jose and Singapore. Avago will have 6,500 employees, including 500 in San Jose. No layoffs are expected.
Dick Chang, who ran Agilent's chip division before the buyout, is the new CEO. He said Avago expects sales to grow about 5% next year.
Avago has also agreed to divest its storage chip business to PMC-Sierra in a deal worth $425 million.
The new company will be known as Avago Technologies and be based in San Jose and Singapore. Avago will have 6,500 employees, including 500 in San Jose. No layoffs are expected.
Dick Chang, who ran Agilent's chip division before the buyout, is the new CEO. He said Avago expects sales to grow about 5% next year.
Avago has also agreed to divest its storage chip business to PMC-Sierra in a deal worth $425 million.
SAN JOSE – Worldwide sales of semiconductors surpassed $20 billion in October, a new milestone for the industry, according to SIA. Sales rose 6.75% from October 2004 and 2.5% sequentially.
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