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News Article

In brief: RFMD, Dominant, Endwave and Veeco

Revenue drops at RF Micro Devices, Malaysian LED maker Dominant Semiconductor expands production, Endwave's sales ramp up and Veeco sees a weak HB-LED market.

RFMD s revenue falls despite strong demand
Revenue at RF Micro Devices has slipped a little, despite strong customer demand and the shipment of around 3 million Polaris 2 transceiver chipsets in the last three months.

The Greensboro, NC, RFIC maker posted sales of $159.4 million for the quarter ending June 30. That figure represented a 3.9% fall on the equivalent period last year, but a 6% sequential increase.

RFMD was forced to make a $5 million cash payment to a top-tier customer because of production delays related to its popular Polaris Total Radio modules.

With gross margins improving thanks to improved fab utilization and manufacturing yields, the company recorded a net loss of $2.7 million, including the $5 million charge.

Dominant ramps LED production
Malaysia-based LED manufacturer Dominant Semiconductors says that it will double capacity by October to keep pace with demand for LEDs from the automotive and mobile handset sectors.

The company says that it will also take steps to improve white LEDs used in camera phone flash applications "“ leading to sharper, clearer color photographs.

Endwave boosted by sales figures
High-frequency RF module maker Endwave posted sales of $12.2 million for the three months ending June 30. The revenue represents a 62% increase on last year.

The Sunnyvale, CA, outfit returned to profitability thanks to the increase, which CEO Ed Keible attributed to Endwave's gathering momentum in the telecom, defense and homeland security markets.

Net profit came in at $0.3 million for the period, compared with a $0.4 million loss one year ago.

Veeco's epitaxy orders remain flat in "weak" HB-LED market
Veeco Instruments' sales of epitaxy equipment were $14.6 million in the quarter that ended on June 30, with the Woodbury, NY, company saying that the HB-LED market remained weak.

While Veeco's other market sectors gathered strength, bookings for MBE and MOCVD machines stood at $12.4 million.

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