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Strong Demand for Semiconductors Boosts Revenues and Expectations - Research Report on Broadcom, TSMC, Xilinx, Skyworks, and



 Strong Demand for Semiconductors Boosts Revenues and Expectations - Research
             Report on Broadcom, TSMC, Xilinx, Skyworks, and RFMD

PR Newswire

NEW YORK, July 26, 2013

NEW YORK, July 26, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Analysts Corner announced new research reports highlighting Broadcom
Corp. (NASDAQ: BRCM), Taiwan Semiconductor Manufacturing Company Limited
(NYSE: TSM), Xilinx Inc. (NASDAQ: XLNX), Skyworks Solutions Inc. (NASDAQ:
SWKS), and RF Micro Devices Inc. (NASDAQ: RFMD). Today's readers may access
these reports free of charge - including full price targets, industry analysis
and analyst ratings - via the links below.

Broadcom Corp. Research Report

On July 23, 2013, Broadcom Corp. (Broadcom) released its Q2 2013 financial
results. Total net revenues were up 6.0% YoY to approximately $2.1 billion.
Product revenue was up 6.2% YoY to approximately $2 billion, while income from
Qualcomm Agreement was down 10.4% YoY to $43 million. Further, the Company's
licensing revenue was up 100% YoY to $12 million. Broadcom incurred a net loss
of $251 million or $0.43 per diluted share, compared to a net income of $160
million or $0.28 per diluted share in Q2 2012. Scott McGregor, President and
CEO of Broadcom, stated, "Broadcom delivered solid revenue and gross margins
in Q2 with tightly managed sequential growth in operating expenses." He
continued, "Looking forward, we see continued growth driven by our industry
leading portfolio of wired and wireless communication platforms." The Company
expects its Q3 2013 total net revenue to be between $2.1 billion and $2.2
billion. The Full Research Report on Broadcom Corp. - including full detailed
breakdown, analyst ratings and price targets - is available to download free
of charge at: [http://www.AnalystsCorner.com/r/full_research_report/496f_BRCM]

--

Taiwan Semiconductor Manufacturing Company Limited Research Report

On July 18, 2013, Taiwan Semiconductor Manufacturing Company Limited (TSMC)
released its Q2 2013 results. Revenues were up 21.6% YoY to NT$155.9 billion.
Net income was up 23.8% YoY to NT$51.8 billion. The Company reported EPS of
NT$2.00, compared to EPS of NT$ 1.61 in Q2 2012. Lora Ho, Senior Vice
President and CFO of TSMC, said, "Due to the strong demand for our advanced
technologies, we have enjoyed a record quarter of both revenue and net income
in the second quarter. While we continue to expect the demand for our advanced
technologies to grow strongly, we expect the IC supply chain to begin managing
inventories in the second half of this year, which will moderate somewhat the
overall demand for our wafers. Based on our current business outlook and
exchange rate assumption of 1 US dollar to 29.83 NT dollars, management
expects overall performance for third quarter 2013 to be as follows: revenue
is expected to be between NT$161 billion and NT$164 billion; gross profit
margin is expected to be between 47% and 49%; and operating profit margin is
expected to be between 35% and 37%." The Full Research Report on Taiwan
Semiconductor Manufacturing Company Limited - including full detailed
breakdown, analyst ratings and price targets - is available to download free
of charge at: [http://www.AnalystsCorner.com/r/full_research_report/4a57_TSM]

--

Xilinx Inc. Research Report

On July 17, 2013, Xilinx Inc. (Xilinx) released its Q1 FY 2014 financial
results (period ended June 29, 2013). Net Revenues of $579 million were down
0.7% YoY and up 8.8% QoQ. Net income of $157 million was up 21% YoY and 20.2%
QoQ. Further, the Company reported diluted EPS of $0.56, which was up 19.1%
both YoY and QoQ. Moshe Gavrielov, President and CEO of Xilinx, commented,
"The June quarter was exceptional on many fronts. Better than expected sales
during the quarter were driven by broad-based end market strength, with
particularly strong growth from wired communications and aerospace and defense
applications. Gross margin was 69% in the quarter, up from 66% in prior
quarter. Operating margin of 33% was up from 28% in the prior quarter." Xilinx
expects its Q2 FY 2014 sales growth to be flat to up 3% QoQ. The Full Research
Report on Xilinx Inc. - including full detailed breakdown, analyst ratings and
price targets - is available to download free of charge at:
[http://www.AnalystsCorner.com/r/full_research_report/ba84_XLNX]

--

Skyworks Solutions Inc. Research Report

On July 18, 2013, Skyworks Solutions Inc. (Skyworks) released its Q3 FY 2013
results (period ended June 28, 2013). Revenues were up 12.1% YoY to $436.1
million. Net income was up 33.3% YoY to $65.7 million and diluted EPS was up
30.8% YoY to $0.34. David J. Aldrich, President and CEO of Skyworks, said,
"Skyworks' outperformance and outlook for sustainable above market growth
reflects our progress towards becoming a highly diversified analog
semiconductor market leader." Donald W. Palette, Vice President and CFO of
Skyworks, added, "Given new program launches and an expanding product
pipeline, we expect a strong second half to 2013." The Full Research Report on
Skyworks Solutions Inc. - including full detailed breakdown, analyst ratings
and price targets - is available to download free of charge at:
[http://www.AnalystsCorner.com/r/full_research_report/b358_SWKS]

--

RF Micro Devices Inc. Research Report

On July 23, 2013, RF Micro Devices Inc. (RFMD) released its Q1 FY 2014
financial results (period ended June 29, 2013). Revenue was up 44.5% YoY to a
record $293.0 million, primarily attributable to broad-based adoption of
RFMD's best-in-class RF solutions. Net income was $1.6 million, compared to a
net loss of $19.1 million Q1 FY 2013. Diluted earnings were $0.01 per share,
compared to a loss of $0.07 per share in Q1 FY 2013. Bob Bruggeworth,
President and CEO of RFMD, stated, "Looking forward, we believe we are
strategically well positioned this fiscal year to deliver record revenue and
improving financial performance, given our expectations for diversification,
content growth, category expansion, and market share gains, combined with the
benefit of new customer product ramps." The Full Research Report on RF Micro
Devices Inc. - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.AnalystsCorner.com/r/full_research_report/7d81_RFMD]

----

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SOURCE Analysts' Corner

Contact: Joe Thomas, +1-310-496-8071 (North America)
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