SOURCE: The Bedford Report

The Bedford Report

May 12, 2011 08:16 ET

Touchscreen Technology Reshapes Semiconductor Industry

The Bedford Report Provides Analyst Research on Atmel & Cypress Semiconductor

NEW YORK, NY--(Marketwire - May 12, 2011) - Results throughout the semiconductor industry have been improving in recent quarters as innovations and new products have helped drive the industry higher. With the rising popularity of touchscreen devices, companies with operations in the field have been some of the strongest performers in the sector. The Bedford Report examines the outlook for companies in the Semiconductor Industry and provides research reports on Atmel Corporation (NASDAQ: ATML) and Cypress Semiconductor Corporation (NASDAQ: CY). Access to the full company reports can be found at:

The Semiconductor Industry Association recently announced that global chip sales grew nearly 9 percent in the first quarter to $75.8 billion. Revenues were fueled by growing consumer and business demand for electronics such as PCs, smartphones and tablets. Year-over-year sales grew most sharply in the Americas during the quarter, while the rate was the slowest in Japan where the recent earthquake disrupted business.

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Touchscreen technology has been a key revenue driver for Atmel. In the most recent quarter the company added several new products to the "maXTouch" roster, including phones from HTC, Nokia, Motorola and Samsung.

Devices using touch technology are branching out from the traditional smartphone and tablet realms, to things like digital cameras and GPS devices. Touchscreens are now Cypress Semiconductor's largest business, and management expects to win even more contracts in the future.

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