Samsung Electronics will seek to sharply expand sales in its semiconductor sector over the next three years through improved product quality and cost savings, according to the company. It hopes to register US$25.5 billion in revenue from its semiconductor division in 2012, up more than 50% from this year's goal of US$16 billion.

A Spansion spokesperson said through a prepared statement that a "small restructuring" took place at Spansion on October 26. The layoff was "necessary to better prioritize and align the company's resources with its business goals and emergence from Chapter 11," according to the statement.

IC packaging and testing service provider STATS ChipPAC has reported net income of US$25.1 million for third-quarter 2009, compared to profits of US$2.2 million in the prior quarter and US$7.9 million a year ago. Gross margin for the quarter reached 20.2% compared to 15.1% in the second quarter and 18.5% in third-quarter 2008.

Toshiba has estimated its operating income for the six months ended September 30, 2009 to reach 2 billion yen (US$21.7 million), compared with its earlier projection for a loss. Its net income estimate for the first half has also been revised upward to a loss of 58 billion yen.

The trial against former Infineon CEO Ulrich Schumacher for alleged corruption has been closed after the prosecutor has dropped his charges. A formal acquittal is expected for later this week.

The number of US bank failures this year has topped more than 100 after US federal regulators shut down a trio of small Florida banks.

In January, China's exports to its Southeast Asia neighbors counted for around one third of that to the EU. Eight months later, China's exports to Asean countries had grown to the equivalent of about half of exports to the EU.

China is launching its long-awaited Nasdaq-style stock market in the southern city of Shenzhen. Twenty eight small- and medium-sized enterprises are expected to debut on the new exchange.

"Lam Research had strong shipments and revenue performance in the September quarter, allowing the company to return to profitability and generate positive cash flow once again," company president and CEO Steve Newberry said in a statement.

ATMI, which provides specialty materials to semiconductor makers, saw revenues for third-quarter 2009 improve sequentially and beat Wall Street's expectations.

Allvia, a through-silicon via (TSV) foundry, has purchased a manufacturing facility in Hillsboro, Oregon, for high volume production of their products with TSV technology. Over the next several months Allvia will proceed with manufacturing equipment tool selection for TSV production, and expects the facility to be operational in 2010.

Rambus Technology has posted a net loss of US$27.5 million in the third quarter compared to losses of US$24.0 million in the second quarter and US$30.9 million a year ago.

Chartered Semiconductor has reported a net loss of US$4.7 million in the third quarter, compared to losses of US$39.4 million in the prior quarter and US$24.4 million in third-quarter 2008. In light of the proposed acquisition by ATIC, Chartered said it will not be providing guidance for its fourth quarter ending December 31, 2009.

Gross domestic product during the July-September period expanded 2.9% from the second quarter, according to the Bank of Korea. That was the most rapid pace since the first quarter of 2002.

NOR flash supplier Spansion has put its 300mm fab up for sale, according to sources at the ISMI Symposium here.

TriQuint earned US$10.5 million, or US$0.07 per share in the third quarter compared with US$11.8 million, or US$0.08 cents a share in third-quarter 2008.