The second financial quarter 2012 for Molex ended with a turnover of 857.6 million US$ and a net profit of 64.0 million US$. In comparison to the previous year the turnover decreased by 4.9% and the net income by 18.2%.

Texas Instruments announced fourth-quarter 2011 revenue of $3.42 billion and net income of $298 million. In addition to financial results, TI also announced plans to close two older semiconductor manufacturing facilities in Hiji, Japan, and Houston, Texas, over the course of the next 18 months. Pro...

QLogic, a supplier of network infrastructure solutions, announced a definitive agreement to sell the product lines and certain assets associated with its InfiniBand business to Intel for $125 million in cash. The sale is expected to close within this quarter, following the satisfaction of regulatory...

Analog Devices announced that Robert Yung has joined the company as vice president, strategy and corporate development, reporting to Jerald G. Fishman, president and chief executive officer. This new role was created to widen the reach of ADI’s existing technology, explore new areas of signal proces...

Semtech and Gennum have entered into a definitive arrangement agreement for Semtech to acquire all of the outstanding shares of Gennum for a total consideration of approximately CDN$500 million (approximately US$494 million). Semtech management believes the acquisition of Gennum will extend Semtech’...

STMicroelectronics reported financial results for the fourth quarter and full year ended December 31, 2011. The fourth quarter net revenues decreased 10.3% on a sequential basis, with all regions down sequentially. The Americas decreased 4.6%, Japan & Korea and Greater China & South Asia each were...

Electronic components distributor Digi-Key signed a global distribution agreement with Synapse Wireless. Synapse Wireless offers wireless control innovations including Synapse’s Portal and the SNAP network operating system. SNAP removes the worry of setting up machine-to-machine and machine-to-Inter...