Here are the top five online stories for the week beginning Sunday October 26, as ranked by EE Times Europe readers, up to and including Friday, October 31. The ranking is based on the number of reader "views" or "hits" on a particular article.
1) ST to suspend production due to slow demand in Q4 STMicroelectronics NV said that its fab utilization rate came in at 85 percent in the third quarter of 2008. It is, however, expected to strongly decrease in the fourth quarter of 2008 and, possibly, in the first quarter of 2009.
2) ST swings to loss on Numonyx, NXP JV chargesSTMicroelectronics NV reported a third quarter net loss of $289 million, or 32 cents per share, after posting a profit of $187 million during the same period of 2007. The net loss for the quarter was largely due to charges, including a non-cash charge of $344 million related to an equity investment in Numonyx BV, ST's joint flash-memory venture with Intel Corp.
3) Outlook: Don't panic, it's not 2001 Some harrowing phrases in response to the high-tech industry’s worst market downturn are popping up in executive comments, conjuring up nightmares from the past about what the industry might expect in 2009 and beyond.
4) TI to cut 300 to 350 jobs in France, say reports Texas Instruments Inc. is planning to cut 300 to 350 jobs, out of 900, at its site in Villeneuve-Loubet, in southern France.
5) CSR set to cut UK jobs as it warns of tough '09 Wireless chip specialist CSR plc (Cambridge, England) is planning to make its first job cuts in the U.K. for many years in a drive to save $20 million of costs in 2009. Between 40 and 50 jobs are likely to go next year, in both R&D and support functions such as marketing and administration.