Amid the broader market sell-off, chipmakers are posting big declines in heavy volume. Notable moves are coming from Intel (INTC), Arm Holdings (ARMH), Avago Tech (AVGO) and Integrated Device Tech (IDTI). Late Thursday, Intel reported flat Q4 earnings and sales that edged up 1%. Both beat expectations but profit margins slipped and data center sales slowed. Intel also issued weak first-quarter guidance. Shares gapped down in quick turnover,
Qualcomm’s (QCOM) union with Japanese TDK is “much ado about nothing,” a Craig-Hallum analyst wrote Thursday as he reiterated a buy rating on fellow Apple (AAPL) supplier Skyworks Solutions (SWKS). The Qualcomm-TDK joint venture, announced Wednesday and expected to be completed in 2017, won’t pose much threat to radio-frequency chip leaders Skyworks and Qorvo (QRVO), nor touch Avago Technologies’ (AVGO) filter offerings, Craig-Hallum analyst
No. 3 chipmaker Qualcomm (QCOM) upped its smartphone game Wednesday as the chipmaker announced a partnership with Japan’s TDK, taking on fellow Apple (AAPL) chip suppliers Qorvo (QRVO), Avago Technologies (AVGO) and Skyworks Solutions (SWKS). The Qualcomm-TDK joint venture will “enable delivery of (radio frequency) front-end modules (RFFE) and RF filters into fully-integrated systems,” the companies said, speaking of key chips in mobile devices.