SK Hynix Inc. posted a sharp rise in net profit in the third quarter as strong chip prices and surging demand from mobile phone makers helped offset any supply shortfalls from a recent fire at its China factory.
U.K. chip designer ARM Holdings PLC, whose technology is used in Apple Inc.’s iPhone, said Tuesday it had a record order backlog going into the final fiscal quarter as it posted a rise in third-quarter profit on strong global demand for smartphones.
Taiwan’s HTC Corp. is working with Qualcomm Inc. on ways to alter a component for its flagship One smartphone and other new devices, after a preliminary U.S. court win by Finnish rival Nokia Corp. raised the possibility of an import ban in HTC’s major overseas market, people familiar with the matter said.
In a deal that would be one of the biggest-ever foreign takeovers of a Japanese firm, Applied Materials Inc. agreed to acquire Tokyo Electron Ltd. to create to create a powerhouse provider of chip manufacturing equipment.
Intel Corp.’s new chief executive vowed Thursday to rapidly grow the company’s presence in the tablet and smartphone markets at a shareholder meeting that formalized a major management shift for the Silicon Valley chip giant.