Finance

MegaChips of Osaka, the 24-year-old IC design house, is to buy Bosch-backed SiTime of Sunnyvale, the MEMS timing specialist, for $200 million in cash.

Graphene Flagship, the €1 billion EC-funded FET (Future and Emerging Technologies) project which aims to take graphene-based products from lab to market, has recruited its first four associate members: Netzsch (Germany), NetComposites (UK), ABB and Imerys (Switzerland).

Worldwide semiconductor capital spending is projected to total $64.5 billion in 2014, an increase of 11.4% from 2013 spending of $57.8 billion, according to Gartner, and will grow another 8.8% to top $70 billion next year.

Freescale saw Q3 revenues up 2% on Q2 at $1.21 billion. Compared to Q3 2013 it was a 12% increase. It expects a flat Q4 or a slight decline on auto weakness.

Altera had Q3 over Q2 growth of 2% – the company’s sixth quarter of sequential growth. Q3 revenue of $499 million was 12% up on Q3 2013.

Hynix had Q3 revenues of $4.08 billion for a profit of $1.24 billion.

The Made in Europe (MIE) Exhibition and Trading Center in Zhengzhou, China today. The plan is to give European companies greater access to China, the world’s largest manufacturing market. Traditionally, European companies face a number of barriers when attempting to expand trade within China. These include logistical challenges, due to China’s huge size and travel infrastructure, as well as cultural, ...

With Q3 sales of $3.5 billion – up 8% y-o-y – and with an 18% and growing market share in analogue, TI reports strength in the comms, industrial, auto and enterprise markets.

ARM had a sparkling Q3 with profits of £101.2 million on revenues of £195.5 million. It’s the first time ARM’s made more than £100 million in a quarter.

This month’s acquisition of International Rectifier (IR) by Infineon changes the landscape of the power semiconductor market, says The Information Network.