NEW YORK, NY -- (Marketwire) -- 04/03/12 -- At present, chip makers are finding that their success is highly dependent on their level of involvement in the mobile device markets. A report by ABI Research indicates that while the semiconductor industry as a whole fell behind, the semiconductor companies that focused on designing and making chips for mobile devices are thriving. Five Star Equities examines the outlook for companies in the Semiconductor Industry and provides equity research on SanDisk Corporation (NASDAQ: SNDK) and Micron Technology, Inc. (NASDAQ: MU).
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ABI Research's findings show that revenue from chips used in mobile devices hit $35 billion in 2011, a 20 per cent increase from the previous year. The outfit claims that the broader semiconductor industry grew by just two per cent during that time, meaning that mobile phones effectively kept the industry's head above water. Companies evolving with the current mobile device market are the only ones who are growing within the Semiconductor Industry.
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SanDisk Corporation announced that it has extended its enterprise solid state disk drive (SSD) solutions portfolio with the acquisition of FlashSoft, a provider of caching software products. SanDisk intends to sell FlashSoft's products as standalone software, as well as offer these software products in combination with SanDisk's growing portfolio of SAS, PCIe and SATA enterprise solutions.
Micron Technology, Inc. announced results of operations for its second quarter of fiscal 2012, which ended March 1, 2012. For the second quarter, the company had a net loss attributable to Micron shareholders of $224 million, or $0.23 per diluted share, on net sales of $2.1 billion.
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