Apple (AAPL) supplier Avago Technologies (AVGO) might jettison its unprofitable industrial segment in lieu of a renewed focus on smartphone chips, MKM analyst Ian Ing suggests. This comes as Avago and fellow Apple chip suppliers like Skyworks Solutions (SWKS), Qorvo (QRVO), NXP Semiconductors (NXPI), Qualcomm (QCOM) and Cirrus Logic (CRUS) face continued constraints from slowing growth in the iPhone market, Ing wrote. “Avago is increasingly
One doesn’t need to be a globetrotter to find winning foreign companies — many of them trade in the U.S. market. Today’s IBD International Leaders screen of top rated global stocks includes three highly rated chipmakers. Two Apple suppliers make the list — Avago Technologies (AVGO) and ARM Holdings (ARMH) — as well as fabless semiconductor company Silicon Motion Technology (SIMO). All three are members of IBD’s Electronic-Semiconductor Fabless
Apple’s (AAPL) iPhone 6S ramp drove Qorvo’s (QRVO) fiscal Q2 2016 beat late Thursday, and news of a “better than feared” Q3 guidance helped shares continue a meteoric surge Friday on Wall Street. In afternoon trading, Qorvo stock was up 22% at a month-high above 55. Qorvo led fellow Apple chip suppliers Skyworks Solutions (SWKS) stock, which was up 7.5% after its own fiscal Q4 sales beat late Thursday, and Avago Technologies (AVGO), up 6.5%. For