Featured Articles

Intel takes credit for three-way 4K gaming

Intel takes credit for three-way 4K gaming

All of a sudden Intel is talking about desktop gaming like there is no tomorrow and it is pushing it. The…

More...
Nvidia Shield Tablet 32GB 4G LTE out for pre orders

Nvidia Shield Tablet 32GB 4G LTE out for pre orders

Nvidia has finally revealed the shipping date of its Shield Tablet 32GB in 4G LTE flavour and in case you pre-order…

More...
Apple announces its Apple Watch

Apple announces its Apple Watch

Apple has finally unveiled its eagerly awaited smartwatch and surprisingly it has dropped the "i" from the brand, calling it simply…

More...
Skylake 14nm announced

Skylake 14nm announced

Kirk B. Skaugen, Senior Vice President General Manager, PC Client Group has showcased Skylake, Intel’s second generation 14nm architecture.

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 06 November 2013 11:34

TowerJazz suffers from Micron snub

Written by Nick Farrell



But revenue still up

Israeli chipmaker TowerJazz appears to have shrugged off its snub from US chipmaker Micron and reported revenue was up from the second quarter. However, the company reported a sharp drop in third-quarter revenue and profit due to a decline in sales to Micron. TowerJazz said that there had been a contractual decrease in sales to Micron at its plant in Japan. Excluding the Micron reduction, revenue rose by $4 million.

TowerJazz said on Wednesday adjusted net income was $12.2 million, down from $31.6 million a year earlier. Revenue fell to $132.6 million from $154.6 million a year earlier but was up 6 percent from the second quarter. TowerJazz had expected a third-quarter revenue of between $130 million and $140 million.

For the fourth quarter, it projects revenue of $133-$143 million, compared with Chardan's forecast of $142 million. TowerJazz Chief Executive Russell Ellwanger said in a press release that the sequential growth we have demonstrated in the first quarter through the third quarter was in line with our expectations based on strong alignment to customer forecast and project execution.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments