Feeds

Falling chip sales cost more jobs

One in ten go at STMicro

Secure remote control for conventional and virtual desktops

STMicro is laying off 4,500 people - one in ten of its workforce - and won't provide revenue guidance for next year until the market is clearer.

The company will cut $700m from expenses in 2009 by slashing jobs and "resizing" manufacturing operations. STMicro makes chips for industrial applications, set-top boxes and cars.

STMicro will cut 50 per cent from its capital expenditure, down to $500m.

The chipmaker said global uncertainty and the recession made it difficult to forecast demand: "Consequently, the Company will only provide approximate revenue and gross margin internal planning targets with respect to the first quarter of 2009.

"When visibility on market conditions improve, the Company will reconsider providing quantitative guidance similar to past practices."

The company brought in $10bn in 2007 but is predicting, for internal purposes, revenues for the next quarter to be between $1.5bn and $1.85bn.

STM will continue to work on its joint venture Ericsson Mobile Platforms. It will run its fabs at 50 per cent capacity in order to cut inventory levels.

Full statement here. ®

New hybrid storage solutions

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.