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Posts Tagged ‘ARM’

Nvidia quarterly revenue tops Wall Street expectations

(Reuters) – Nvidia (NVDA.O) on Thursday posted higher fiscal third-quarter revenue that was above Wall Street’s expectations, fueled by the company’s latest graphics chips for personal computers as well as processors for data centers and cars. Revenue in the fiscal third-quarter ended Oct. 26 was $1.225 billion, up 16 percent from the year-ago quarter, compared with analysts’ average estimate of $1.202 billion. For the current fourth quarter, Nvidia said it expects revenue of $1.20 billion, plus or minus 2 percent. Analysts on average expected fourth-quarter revenue of $1.198 billion, according to Thomson Reuters I/B/E/S. Third-quarter net income was $173 million, or 31 cents a share, compared to $119 million, or 20 cents a share, in the year-ago quarter. Non-GAAP earnings per share were 39 cents. After struggling to compete against larger chipmakers like Qualcomm (QCOM.O) in smartphones and tablets, Nvidia has increased its focus on using its Tegra chips to power entertainment and advanced navigation systems in cars made by companies including Volkswagen’s Audi, BMW and Tesla (TSLA.O). In the third quarter, revenue from Tegra chips for automobiles and mobile devices jumped 51 percent to $168 million. Nvidia’s much larger PC graphics chip business expanded 13 percent to $991 million. Shares of Nvidia rose 1.34 percent in extended trade, after closing up 0.45 percent at $20.22 on Nasdaq. Source (Reporting by Noel Randewich; Editing by Ch...



Chip News

  Chipmaker AMD hires Dell senior executive in server push SAN FRANCISCO Mon Oct 27, 2014 5:49pm EDT (Reuters) – Advanced Micro Devices Inc said it hired a former Dell Inc [DI.UL] senior executive to lead the chipmaker’s push into microservers and other new markets. Forrest Norrod will be senior vice president and general manager of AMD’s enterprise, embedded and semi-custom business group and report to Chief Executive Lisa Su, AMD said in a news release on Monday. Norrod, 49, was general manager of Dell’s server business and joins AMD as the company develops chips for new low-power servers that might challenge heavyweight Intel Corp in cutting-edge data centers. AMD has been expanding into new markets including low-power “microservers” and game consoles, but progress has been slower than demanded by Wall Street. Earlier this month, Su took over as CEO, replacing Rory Read. Norrod fills Su’s previous position, which she h ad held temporarily since July. Following Su’s appointment as CEO, AMD announced on Oct. 16 it was cutting 7 percent of its workforce to reduce costs. SOURCE   Microsoft Said to Work on Software for ARM-Based Servers Source Microsoft Corp. (MSFT) is working on a version of its software for server computers that run on chips based on ARM Holdings Plc (ARM)’s technology, people familiar with its plans said, a move that could help loosen Intel Corp. (INTC)’s grip on the market. The world’s largest s...





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