Maxim Integrated Products, Inc. reported net revenue of $591 million for its fiscal 2012 second quarter ended December 31, 2011, a 7% decrease from the record $636 million revenue recorded in the prior quarter. Tunc Doluca, President and Chief Executive Officer, commented, “Our customers maintained a cautious outlook during the December quarter and continued to […]
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Microsemi Reports First Quarter 2012 Results
Microsemi Corp. reported unaudited results for its first quarter of fiscal year 2012 ended Jan. 1, 2012. Net sales for Microsemi’s first quarter of 2012 achieved a record $240.9 million, up 30.7 percent from the first quarter of 2011 and up 6.0 percent from the fourth quarter of 2011. These results include a partial quarter […]
ITU Approves G3-PLC as a New Worldwide Smart Grid Standard
Maxim Integrated Products announced that its G3-PLC™ protocol has been approved by the International Telecommunications Union (ITU) as a new low-frequency, OFDM-based narrowband powerline communications (NB-PLC) standard. In partnership with Electricité Réseau Distribution France (ERDF) and Sagemcom, Maxim developed the G3-PLC specification to promote open-endedness and interoperability among smart grid implementations. Currently, the G3-PLC is […]
Ener1 Reaches Agreement on Plan to Reduce Debt and Secure New Equity Funding to Support Long-term Business Strategy
Ener1, Inc. announced that it has reached an agreement with its primary investors and lenders on a restructuring plan that will significantly reduce its debt and provide up to $81 million to recapitalize the Company to support its long-term business objectives and strategic plan. To implement this restructuring plan, the Company has voluntarily initiated a […]
Hewlett-Packard Agrees to Civil Penalty for Failure to Immediately Report Lithium-Ion Battery Packs
The U.S. Consumer Product Safety Commission (CPSC) announced that Hewlett-Packard (HP) has agreed to pay a civil penalty of $425,000. The settlement agreement has been provisionally accepted by the Commission. The settlement resolves staff allegations that HP knowingly failed to report immediately to CPSC, as required by federal law, that certain lithium-ion battery packs contained […]
Five Questions with Ed Sarrat of Cirrus Logic
Ed Sarrat of Cirrus Logic is my guest for this edition of Five Questions. Cirrus Logic just announced its CS5484/80/90 family of analog front end (AFE) ICs which provide very high energy measurement accuracy, offering designers of single and polyphase utility meters and smart energy products a desirable combination of energy calculations, flexibility, performance and cost. […]
New Global Customer Survey Reveals Increasing Acceptance of Chinese PV Inverters
Wellingborough, UK – 26th January 2012: A new survey of more than 400 buyers of PV inverters has revealed a growing acceptance of Chinese products, with close to 30% of respondents indicating they were of acceptable quality, according to IMS Research. The recent survey, conducted in Q4 last year also revealed however that customers also […]
Soitec and Sumitomo Electric Announce Milestone in Joint Development of Engineered Gallium Nitride Substrates
Soitec and Sumitomo Electric Industries, Ltd. have reached a major milestone in their strategic joint development program started in December 2010 by demonstrating four- and six-inch engineered gallium nitride (GaN) substrates and launching pilot production lines to enable wider market adoption. These substrates – produced by transferring ultra-thin high quality GaN layers from a single […]
TI Reports Financial Results for 4Q11 and 2011
Texas Instruments Inc. (TI) announced fourth-quarter revenue of $3.42 billion, net income of $298 million and earnings per share of 25 cents. EPS includes 16 cents in charges associated with the company’s acquisition of National Semiconductor and 7 cents in charges associated with the closure of two older manufacturing facilities. “Revenue in the fourth quarter […]
Lithium-Ion Battery Production Forecast to Grow Nearly 400% Worldwide
A new report has been released from IDC Energy Insights that quantifies expected explosive global growth in manufacturing capacity of Lithium ion (Li-ion) batteries of approximately 390% from 6,689MWh in 2011 to 26,149MWh in 2015. This increase in manufacturing capacity is driven by an expected dramatic increase in global demand, especially with respect to batteries […]