Good morning, Austin! We have scrolled the internet to bring you the latest in tech news. Here are this morning’s headlines:
Is AMD’s momentum accelerating?
Industry analyst Ryan Shrout lays out the case that the next two years are looking bright for AMD.
His take: “The company was able to return not only to relevancy but transformed itself into an entity with technological advantages over rivals that had previously towered over them.
CEO Lisa Su has realigned the corporate warship, pushing execution in key markets and product segments where its technology can flourish, rather than haphazard attempts in areas it doesn’t have a chance of success.”
AMD’s formal headquarters are in California, but the company runs the bulk of its operations in Austin and employs roughly 1,500 people in Central Texas.
Eyes on Cirrus Logic stock ahead of new iPhone launch
Austin-based Cirrus Logic is heavily dependent on sales of audio chips to Apple for its iPhones, iPads and Macs. In fact, 81 percent of the company’s 2018 fiscal revenue last year came from sales to Apple.
As sales of Apple's latest iPhones have disappointed, Cirrus' business and its stock performance have been affected. In February, Cirrus CEO Jason Rhode told investors that while its "design position with key customers remains strong, revenue was below expectations due to unanticipated weakness in smartphone demand that materialized in late December."
But the Motley Fool’s Ashraf Eassa thinks the next iPhone product cycle could work in Cirrus Logic’s favor. You can read his take here.
U.S. cuts deal with Chinese smartphone maker ZTE
The U.S. has struck a deal with Chinese telecom giant ZTE to end crippling American sanctions, Commerce Secretary Wilbur Ross told CNBC on Thursday.
The department said the deal includes a $1 billion penalty against ZTE and a U.S.-chosen compliance team.
ZTE's latest brush with U.S. regulators came after the company's business dealings with Iran and North Korea violated U.S. trade agreements. ZTE paid $1.19 billion in fines for those violations, but the dispute didn't end there.
The Commerce Department then alleged that ZTE misled regulators and failed to discipline the employees responsible for the sanction breach.
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