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Thursday, May 20, 2010

Analog CEO: Q2 Was One of Analog Devices' Best Ever

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Analog Devices Inc. (ADI) posted sales growth on a sequential and year-to-year basis for the three months ending May 1, as the company once again handily beat consensus analyst expectations for revenue. ADI reported sales of $668 million for the second quarter of fiscal 2010, up 11 percent from the previous quarter and 41 percent from the same period of 2009. The company posted a net income ...

Samsung to Invest $21 Billion in Green, Health Businesses

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The Samsung group of companies has said it plans to invest about 23.3 trillion won (about $20.6 billion) in five emerging businesses over the next decade, according to reports. As it invests in solar cells, LEDs for lighting, rechargeable batteries for electric vehicles, biopharmaceuticals and medical devices, the company expects to create 45,000 jobs, the reports said. The investment should ...

GlobalFoundries Hints at Further Expansion Plans

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GlobalFoundries Inc. already at the start of building a $5 billion wafer fab in New York state, appears to be getting ready to announce further expansion plans to help it profit from strong demand for foundry manufacturing services. Additional expansion would also help GlobalFoundries compete with Taiwan Semiconductor Manufacturing Co. Ltd. (Hsinchu, Taiwan), which recently announced plans to ...
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