Fabless mixed-signal and power chip vendor Dialog Semiconductor plc (Kirchheim, Germany) – Europe's leading chip company success of the last few years, has raised its guidance for revenue in 4Q13 to at least $310 million. This would result in full year sales revenue of $866 million.
This compares with original outlook guidance for the fourth quatrter of $270 million to $295 million given along with Dialog's 3Q13 financial results.
Dialog said it has raised the guidance due to stronger than anticipated demand in the mobile systems segment.
The company provides various combinations of power management, audio, ac/dc converter and short-range wireless in mixed-signal ICs. It has done well selling companion chips into the mobile phone and smartphone markets.
The upward revision suggests that an inventory correction in the mobile sector previously forecast by foundry Taiwan Semiconductor Manufacturing Co. Ltd. may have been brief and less deep than previously expected. TSMC's sales suffered a steep sequential decline of 14.4 percent in November and the company will provide information on its December sales within the next few days.
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