The Santa Clara, Calif., company, traditionally known for making graphics processing units found in computers and game consoles, has been counting on its Tegra mobile chip to help offset weakness in its core PC market. So far, it hasn't been enough. Nvidia is showing up in many tablets, but its presence in smartphones is minimal. In addition, the bulk of Tegra sales are for a couple of tablets, the Google Nexus 7 … Read more
Europe's largest chipmaker, STMicroelectronics, has reported a $366 million net loss for the fourth quarter of 2008, and has said it will lay off as many as 4,500 jobs in a cost-cutting drive.
The results for the European firm were released on Tuesday. The fourth quarter of the previous year saw a net income of $20 million. It is not yet known how many of the layoffs will take place in the UK--STMicro employs just over 430 employees in the UK, with a sales office in Marlow and research and development sites in Bristol, Edinburgh, Fleet and Daventry.… Read more