Semiconductors, Data Storage Providers and Solar Power Producers Announce Joint Ventures and Agreements - Research Report on ARM, First Solar, Western Digital, JA Solar, and MagnaChip
NEW YORK, September 13, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting ARM Holdings plc (NASDAQ: ARMH), First Solar, Inc. (NASDAQ: FSLR), Western Digital Corporation (NASDAQ: WDC), JA Solar Holdings Co., Ltd. (NASDAQ: JASO), and MagnaChip Semiconductor Corporation (NYSE: MX). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
ARM Holdings plc Research Report
On September 3, 2013, ARM Holdings plc (ARM) announced that it has signed a definitive agreement with Cadence Design Systems, Inc. (Cadence) for the sale and transfer of Cadence PANTA display controller cores to ARM. According to ARM, Cadence's PANTA family of high-resolution display processor and scaling coprocessor IP cores was jointly developed with ARM and is targeted at advanced multimedia applications for high-end mobile devices with ultra-low power consumption. Pete Hutton, Executive Vice President and General Manager of Media Processing Division at ARM said, "The addition of the PANTA family of display cores to the ARM product portfolio will help our ecosystem of partners get to market quickly with high-end displays that are fully integrated with ARM's leading Mali™ graphics and video solutions and protected with ARM TrustZone security." The Full Research Report on ARM Holdings plc - 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/fd1a_ARMH]
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First Solar, Inc. Research Report
On September 9, 2013, First Solar, Inc. (First Solar) announced a joint venture (JV) with BELECTRIC Holding GmbH (BELECTRIC) to work on solar energy projects in three continents. The Companies informed that the JV of PV Projects GmbH & Co. KG (PV Projects) will be based in Germany and will be developing selected photovoltaic (PV) power projects acquired independently and developed by either of the Companies in Europe, North Africa, as well as projects fewer than 20 megawatts (MW) in the US. First Solar stated that in accordance with the JV, First Solar will supply its advanced thin-film modules, selected components such as the First Solar Tracker and value-added services, while BELECTRIC will provide its advanced Balance of Systems (BoS) and a range of service capabilities. Bernhard Beck, CEO of BELECTRIC said, "We are happy to celebrate this important new milestone in our long-term partnership with First Solar." The Full Research Report on First Solar, 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/fe98_FSLR]
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Western Digital Corporation Research Report
On September 9, 2013, Western Digital Corporation (Western Digital) announced a definitive merger agreement with Virident Systems, Inc. (Virident). The Company informed that under the agreement, Virident will be acquired by HGST, a subsidiary of Western Digital, for approximately $685 million in cash. According to Western Digital, the pending acquisition is expected to widen HGST's presence in enterprise SSDs, which IDC estimates will grow from revenue of $2.5 billion in 2012 to $7 billion in 2017. "The Virident acquisition is a continuation of HGST's strategy to address customers' rapidly changing storage needs by delivering intelligent storage devices that tightly integrate hardware and software to maximize solution performance," said Mike Cordano, President of HGST. Western Digital further informed that the acquisition is expected to close in Q4 2013 subject to customary conditions. The Full Research Report on Western Digital Corporation - 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/8c62_WDC]
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JA Solar Holdings Co., Ltd. Research Report
On September 10, 2013, JA Solar Holdings Co., Ltd. (JA Solar) announced that it will supply 96 MW of solar modules to CPI Huanghe Hydropower Development Co., Ltd., a subsidiary of China Power Investment Corporation (CPI), which will be used on two solar projects in Qinghai Province in China. JA Solar informed that delivery of the modules has already started and is expected to be complete later in September 2013. The Company further added that the solar projects are expected to commence commercial operations by October 2013. Baofang Jin, Executive Chairman and CEO of JA Solar said, "Due to the harsh environment, quality was a key criterion for the projects, and the fact that JA Solar was selected from a wide pool of potential suppliers demonstrates the superior reliability and durability of our modules. We expect the quality of our modules to continue to be a significant advantage as we look to expand our footprint across key markets." The Full Research Report on JA Solar Holdings Co., Ltd. - 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/0ee5_JASO]
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MagnaChip Semiconductor Corporation Research Report
On September 9, 2013, MagnaChip Semiconductor Corporation (MagnaChip) announced that certain of its stockholders, who are affiliated with Avenue Capital Management II, L.P. (Avenue Capital), have priced an unwritten registered public offering of 1.7 million shares of MagnaChip's common stock at a price of $21.20 per share. The Company expects the common stock offering to close on September 13, 2013 subject to customary closing conditions. MagnaChip also informed that it will not receive any proceeds from the sale of its common stock. The Full Research Report on MagnaChip Semiconductor Corporation - 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/d08c_MX]
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