News
SEOUL -- Samsung Electronics reported third-quarter net income of 1.88 trillion
won on 14.54 trillion won in sales, spurred by semiconductors, LCDs and mobile phones. The company sold a record
26.8 million phones in the third quarter.
Year-on-year, overall sales were up 1.4%. Operating profits fell 22.5%, however.
Sequentially, operating income was 2.13 trillion won, up 28.8%, net profit rose 11%, and sales jumped 7%. Operating profit surged 29% in the third quarter on the back of increased sales of NAND flash chips, strong demand for LCDs and increased sales of mobile phones in Europe and North America.
The growth rate of net profit in the third-quarter was less than that of operating profit due to provisions set aside to cover costs related to the U.S-government investigation into the price-fixing of memory chips.
Semiconductor sales and net income increased to 4.59 trillion won and 1.35 trillion won, respectively, as demand for NAND Flash chips used in MP3 players and mobile phones remained robust. Migration to the finer process technology in both DRAM and NAND Flash helped reduce manufacturing costs and boost profitability.
Samsung produces DRAM chips on 80nm and 90nm processes, and the company finished developing a 512Mbit DDR2 memory device on a 70nm process. Yields per wafer will be 100% higher than using 90nm technology.
Telecommunication Network posted sales of 4.58 trillion won, and operating income of 550 billion won. Globally, the handset market is increasingly becoming more competitive as companies produce more mid-to-low-end handsets. Demand for Blue-Black phones, launched in November 2004, remained robust in the quarter. The company expects stronger ASPs in the fourth quarter with the launch of new premium products such as D600 and 3G phones.
LCD reported revenue and operating income figures of 2.68 trillion won and 300 billion won, respectively. The company expects its performance to improve in the fourth quarter as demand for LCDs increases, especially the sales of 32" and larger LCD TV panels.
Digital Media sales decreased to 1.64 trillion won and posted a 20 billion won operating loss. Sales in its Digital Appliance Business dropped 15% to 850 billion won and operating income at 40 billion won.
Samsung anticipates positive fourth-quarter results as demand for IT products tend to surge in the year end.
Year-on-year, overall sales were up 1.4%. Operating profits fell 22.5%, however.
Sequentially, operating income was 2.13 trillion won, up 28.8%, net profit rose 11%, and sales jumped 7%. Operating profit surged 29% in the third quarter on the back of increased sales of NAND flash chips, strong demand for LCDs and increased sales of mobile phones in Europe and North America.
The growth rate of net profit in the third-quarter was less than that of operating profit due to provisions set aside to cover costs related to the U.S-government investigation into the price-fixing of memory chips.
Semiconductor sales and net income increased to 4.59 trillion won and 1.35 trillion won, respectively, as demand for NAND Flash chips used in MP3 players and mobile phones remained robust. Migration to the finer process technology in both DRAM and NAND Flash helped reduce manufacturing costs and boost profitability.
Samsung produces DRAM chips on 80nm and 90nm processes, and the company finished developing a 512Mbit DDR2 memory device on a 70nm process. Yields per wafer will be 100% higher than using 90nm technology.
Telecommunication Network posted sales of 4.58 trillion won, and operating income of 550 billion won. Globally, the handset market is increasingly becoming more competitive as companies produce more mid-to-low-end handsets. Demand for Blue-Black phones, launched in November 2004, remained robust in the quarter. The company expects stronger ASPs in the fourth quarter with the launch of new premium products such as D600 and 3G phones.
LCD reported revenue and operating income figures of 2.68 trillion won and 300 billion won, respectively. The company expects its performance to improve in the fourth quarter as demand for LCDs increases, especially the sales of 32" and larger LCD TV panels.
Digital Media sales decreased to 1.64 trillion won and posted a 20 billion won operating loss. Sales in its Digital Appliance Business dropped 15% to 850 billion won and operating income at 40 billion won.
Samsung anticipates positive fourth-quarter results as demand for IT products tend to surge in the year end.
LAGUNA, PHILIPPINES -- Shareholders of Speedy-Tech Electronics Ltd., a
Singapore-based EMS and power electronics company, have approved the company's merger with Integrated Microelectronics Inc., a Philippines-based electronics manufacturing service provider.
The merged entity would have a combined revenue of $265 million and profit after tax and minority interests of about $30 million, based on the latest 2004 audited financials.
Singapore-based EMS and power electronics company, have approved the company's merger with Integrated Microelectronics Inc., a Philippines-based electronics manufacturing service provider.
The merged entity would have a combined revenue of $265 million and profit after tax and minority interests of about $30 million, based on the latest 2004 audited financials.
ENDICOTT, NY -- Endicott Interconnect Technologies, IBM's former manufacturing arm, has teamed with Universal Instruments Corp. to automate and
maximize production of very large, complex printed circuit cards and
assemblies.
Endicott Interconnect, which builds PCBs, assemblies and chip packages, is using Universal's Advantis Flip Chip placement system and Polaris multi-process assembly machines to fully automate production of a high-performance chip carrier for a leading military supplier.
The product has several hundred surface-mount components, several memory devices and a very large heat spreader, Endicott Interconnect said in a press statement.
"Due to the mission critical nature of the product, we require stringent accuracy along with the ability to gang pick- and-place the larger components and sophisticated parts tracking," said Raj Raj, Endicott Interconnect senior engineering manager. "In partnership with Universal, we are able to achieve an advanced and innovative solution for these unique manufacturing needs."
Endicott Interconnect, which builds PCBs, assemblies and chip packages, is using Universal's Advantis Flip Chip placement system and Polaris multi-process assembly machines to fully automate production of a high-performance chip carrier for a leading military supplier.
The product has several hundred surface-mount components, several memory devices and a very large heat spreader, Endicott Interconnect said in a press statement.
"Due to the mission critical nature of the product, we require stringent accuracy along with the ability to gang pick- and-place the larger components and sophisticated parts tracking," said Raj Raj, Endicott Interconnect senior engineering manager. "In partnership with Universal, we are able to achieve an advanced and innovative solution for these unique manufacturing needs."
WEST CHICAGO, IL -- Connectors used in instrumentation products are a $700 million market and growing, said a new research report.
Bishop & Associates says sales of connectors used in instrumentation applications will grow to over $1 billion by 2009.
The 200-page research report also notes that the instrumentation market is not moving to China, provides high profit margins and growth that exceeds industry averages.
Bishop & Associates says sales of connectors used in instrumentation applications will grow to over $1 billion by 2009.
The 200-page research report also notes that the instrumentation market is not moving to China, provides high profit margins and growth that exceeds industry averages.
MIDLAND, MI — Dow Chemical will increase prices for all
grades of epoxy resins sold in North America by $0.05/lb, the company
said today. The increases are effective Nov. 1, 2005, or as
contract terms permit.
Dow said the increase is driven by various factors, including additional increases in feedstock and energy prices, and difficulties in transporting key raw materials due to the combined impact of Hurricane Katrina and Hurricane Rita in North America.
Epoxy resins are used in laminates for printed circuit boards.
Dow said the increase is driven by various factors, including additional increases in feedstock and energy prices, and difficulties in transporting key raw materials due to the combined impact of Hurricane Katrina and Hurricane Rita in North America.
Epoxy resins are used in laminates for printed circuit boards.
CLEVELAND – Keithley Instruments will expand in Singapore and open of two offices in Malaysia for direct sales and support of its electrical test
and measurement solutions, the company said today.
In a statement, chairman, president and CEO Joseph P. Keithley said, “Our new sales and support offices in Singapore and Malaysia allow us to build closer working partnerships with local customers."
More than 50% of the company's sales come from outside the U.S.
In a statement, chairman, president and CEO Joseph P. Keithley said, “Our new sales and support offices in Singapore and Malaysia allow us to build closer working partnerships with local customers."
More than 50% of the company's sales come from outside the U.S.
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