LONDON – Two companies have raised their guidance for how they will perform financially in the third quarter, going against the recent trend in chip business announcements.
The companies are Actions Semiconductor Co. Ltd. (Zuahai, China), one of China's leading fabless chip companies, and Dialog Semiconductor plc (Kirchheim-unter-Tech, Germany), a provider of power management, audio and short-range wireless ICs.
Actions, a vendor of mixed-signal and DSP-based ICs for mobile applications, has raised its estimate for Q3 sales by about 20 percent. It now expects to achieve sales of between $15 million and $15.5 million in the quarter compared with earlier advice of sales of between $12 million and $13 million.
"During the third quarter, we experienced stronger than expected demand for our products across a number of end markets, with particular strength in the automotive and boombox and high definition segments," said Niccolo Chen, CEO of Actions Semiconductor, in a statement. "Within our high definition segment, shipments of our Series 27 product line, which addresses some of the most advanced segments of the portable video device market, increased during the quarter following a number of design wins that were secured in the second quarter. We are pleased to see momentum going into the seasonally strong second half of the year."
Dialog also said it had seen unexpected demand for its products during the quarter. It now expects to achieve record revenue in the range of $137 million to $140 million for 3Q11. Previously guidance had been between $131 million and $136 million.
Dialog stated that during the quarter the company received a net cash settlement of approximately $2.0 million mainly against revenues that were not recognized in 2006 as a result of the insolvency of BenQ Mobile.
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