Korean consumer electronics giant Samsung has launched a $5.85 billion hostile takeover bid of flash memory chipmaker SanDisk. News of the all-cash offer for SanDisk caused shares of the Milpitas, Calif.-based company to skyrocket more than 40 percent in early morning trading. SanDisk, which rebuffe...
Intel posted first-quarter results Tuesday that met or slightly beat expectations -- the chipmaker lowered its own targets last month -- and posted record revenue for the seasonally slow time of year. The company's results were a win for the tech sector, with investors driving Intel shares up about ...
Hard drive maker Seagate Technology is taking solid state drive manufacturer STEC to court over patent infringement. In a suit filed Monday in Northern California's U.S. District Court, Seagate claims STEC has violated four patents that Seagate had registered between 2002 and 2006. The battle is foc...
Tapping deeper into one of the fastest-growing segments of the memory chip market, Intel has joined with STMicroelectronics and a private equity firm to establish a new flash memory company. The two chipmakers entered into the agreement to combine existing assets of businesses that last year generat...
Flash memory market leader and music device maker SanDisk said Sunday it would buy rival Msystems in an all-stock deal worth US$1.5 billion. The acquisition is aimed at beefing up SanDisk's share of the market for flash memory products for mobile phones, especially smartphones that double as music p...
No. 2 chipmaker AMD has unveiled a joint venture with Japan-based Fujitsu, creating a $3 billion global company bent on mastering the market for flash memory products. Known as FASL LLC, the new venture is made up of the two companies' flash businesses, with a combined workforce of 7,000. It will ma...
Buoyed by stronger-than-expected flash memory sales, number two semiconductor maker AMD has raised its fourth-quarter sales forecast by 15 percent. The company said it is now on track to book sales of $700 million in the fourth quarter. Such a result would represent an increase of nearly 35 percent ...
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