AMD's first quarter earnings, as expected, show the amount of red ink on the company's balance sheet is growing. Still, there was a slight bump in processor revenues, though unfortunately the company's GPU business is still down.

Internet search company Yahoo announced Tuesday that it would slash 5% of its workforce, as it reported a first-quarter profit that fell sharply from a year earlier but still managed to beat Wall Street's forecasts.

Toshiba has denied a newspaper report that it will increase capital by 500 billion yen (US$5 billion) this year to strengthen its semiconductor business.

Qimonda North America has appointed advisors for the sale of its semiconductor manufacturing assets in Sandston, Virginia, subject to bankruptcy court approval.

Elpida Memory, Japan's largest maker of computer-memory chips, climbed to the highest in six months in Tokyo trading after it said it plans to raise chip prices and a report said the company may receive public funding.

Elpida Memory, Japan's largest maker of computer-memory chips, plans to raise prices as much as 50% and break even by June as industry-wide production cuts help ease a supply glut.

Taiwan Semiconductor Manufacturing Company (TSMC) has unveiled the foundry industry's first mixed-signal/radio-frequency reference design kit (MS/RF RDK) at its North American Technology Symposium in San Jose. The RDK initially targets 65nm process technology and aims to accelerate analog, mixed-signal, and RF designs and RF SoC verification and integration.

Sharp has announced that its 10th-generation LCD plant is currently under construction in Sakai City, Osaka Prefecture and will be operational in October 2009.

DisplaySearch and iSuppli both see the netbook market almost doubling in size, thus increasing the demand for LCDs.