Broadcom expects to operate in a very low growth, uncertain macro environment for the foreseeable future.
This is the second time Loeb has agitated for changes at Sony, he was unsuccessful in 2013, when Third Point proposed a partial spin-off and initial public offering of the company’s entertainment business.
South Korea reports a 30.5% decline in semiconductor export for May.
Samsung aims to create 15,000 production and research jobs over that period to become the world leader in the global semiconductor industry.
Samsung is seeking new growth in areas such as network equipment manufacturing as sales of its mainstay chips and smartphones begin to drop.
The San Jose, California-based company’s revenue forecast for fiscal 2019 exceeded all but the highest analyst estimates, sending the shares up in extended trading.
Investors betting against chip stocks reaped US$824 million in mark-to-market profits Friday afternoon, the majority from short positions in Nvidia, whose 19% loss was its worst in 10 years.
The Justice Department unveiled criminal charges against Chinese state-owned Fujian Jinhua Integrated Circuit Co, and United Microelectronics Corporation (UMC) of Taiwan, along with three UMC officials.
Dialog says it will continue to deliver chips to other customers, focusing on the automotive and internet-of-things markets, among others.
Contributing to investors’ angst is Micron’s comment that the trade war between the US and China would hurt profitability in the first quarter.
The investment is part of a broader US$160.89 billion package Samsung is planning to spend to create jobs and secure new growth areas, as semiconductor and smartphone businesses weaken.
CA Technologies acquisition aimed at helping Broadcom diversify its offerings.