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Report Date : |
03.10.2013 |
IDENTIFICATION DETAILS
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Name : |
INPHI CORPORATION |
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Registered Office : |
Suite 300, 2953
Bunker Hill Lane, Santa Clara, CA 95054 |
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Country : |
United States |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
13.11.2000 |
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Legal Form : |
Public
Independent |
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Line of Business : |
provider of high-speed analog
semiconductor solutions for the communications and computing markets |
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No. of Employees : |
192 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made on
e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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United States |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
united StaTes ECONOMIC OVERVIEW
The US has the largest and most
technologically powerful economy in the world, with a per capita GDP of
$49,800. In this market-oriented economy, private individuals and business
firms make most of the decisions, and the federal and state governments buy needed
goods and services predominantly in the private marketplace. US business firms
enjoy greater flexibility than their counterparts in Western Europe and Japan
in decisions to expand capital plant, to lay off surplus workers, and to
develop new products. At the same time, they face higher barriers to enter
their rivals' home markets than foreign firms face entering US markets. US
firms are at or near the forefront in technological advances, especially in
computers and in medical, aerospace, and military equipment; their advantage
has narrowed since the end of World War II. The onrush of technology largely
explains the gradual development of a "two-tier labor market" in
which those at the bottom lack the education and the professional/technical
skills of those at the top and, more and more, fail to get comparable pay
raises, health insurance coverage, and other benefits. Since 1975, practically
all the gains in household income have gone to the top 20% of households. Since
1996, dividends and capital gains have grown faster than wages or any other
category of after-tax income. Imported oil accounts for nearly 55% of US
consumption. Crude oil prices doubled between 2001 and 2006, the year home
prices peaked; higher gasoline prices ate into consumers' budgets and many
individuals fell behind in their mortgage payments. Oil prices climbed another
50% between 2006 and 2008, and bank foreclosures more than doubled in the same
period. Besides dampening the housing market, soaring oil prices caused a drop
in the value of the dollar and a deterioration in the US merchandise trade
deficit, which peaked at $840 billion in 2008. The sub-prime mortgage crisis,
falling home prices, investment bank failures, tight credit, and the global
economic downturn pushed the United States into a recession by mid-2008. GDP
contracted until the third quarter of 2009, making this the deepest and longest
downturn since the Great Depression. To help stabilize financial markets, in
October 2008 the US Congress established a $700 billion Troubled Asset Relief
Program (TARP). The government used some of these funds to purchase equity in
US banks and industrial corporations, much of which had been returned to the
government by early 2011. In January 2009 the US Congress passed and President
Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus
to be used over 10 years - two-thirds on additional spending and one-third on
tax cuts - to create jobs and to help the economy recover. In 2010 and 2011,
the federal budget deficit reached nearly 9% of GDP. In 2012 the federal
government reduced the growth of spending and the deficit shrank to 7.6% of
GDP. Wars in Iraq and Afghanistan required major shifts in national resources
from civilian to military purposes and contributed to the growth of the budget
deficit and public debt. Through 2011, the direct costs of the wars totaled
nearly $900 billion, according to US government figures. US revenues from taxes
and other sources are lower, as a percentage of GDP, than those of most other
countries. In March 2010, President OBAMA signed into law the Patient
Protection and Affordable Care Act, a health insurance reform that will extend
coverage to an additional 32 million American citizens by 2016, through private
health insurance for the general population and Medicaid for the impoverished.
Total spending on health care - public plus private - rose from 9.0% of GDP in
1980 to 17.9% in 2010. In July 2010, the president signed the DODD-FRANK Wall
Street Reform and Consumer Protection Act, a law designed to promote financial
stability by protecting consumers from financial abuses, ending taxpayer
bailouts of financial firms, dealing with troubled banks that are "too big
to fail," and improving accountability and transparency in the financial
system - in particular, by requiring certain financial derivatives to be traded
in markets that are subject to government regulation and oversight. In December
2012, the Federal Reserve Board announced plans to purchase $85 billion per
month of mortgage-backed and Treasury securities in an effort to hold down
long-term interest rates, and to keep short term rates near zero until
unemployment drops to 6.5% from the December rate of 7.8%, or until inflation
rises above 2.5%. Long-term problems include stagnation of wages for
lower-income families, inadequate investment in deteriorating infrastructure,
rapidly rising medical and pension costs of an aging population, energy
shortages, and sizable current account and budget deficits - including
significant budget shortages for state governments.
|
Source : CIA |
Inphi Corporation
Suite 300, 2953
Bunker Hill Lane
Santa Clara, CA
95054
United States
Tel: 408-217-7300
Fax: 408-217-7350
Web www.inphi.com
Employees: 192
Company Type: Public
Independent
Traded: New York Stock
Exchange: IPHI
Incorporation
Date: 13-Nov-2000
Auditor: PricewaterhouseCoopers
LLP
Financials in: USD (Millions)
Fiscal Year End: 31-Dec-2012
Reporting
Currency: US Dollar
Annual Sales: 91.2 1
Net Income: (20.7)
Total Assets: 170.1 2
Market Value: 372.3
(13-Sep-2013)
Inphi Corporation
(Inphi) is a provider of high-speed analog semiconductor solutions for the
communications and computing markets. The Company has a product portfolio with
17 product lines and over 170 products. Its analog semiconductor solutions
provide high signal integrity at data speeds while reducing system power
consumption. Its solutions are designed to address bandwidth bottlenecks in
networks, maximize throughput and minimize latency in computing environments
and enable the rollout of next generation communications and computing
infrastructures. Its product categories include Networking and Communications
Products, Computing and storage products, and Test and measurement, military
and aerospace products. It provides 40 gigabits (40G) per second and 100
gigabits per second, high-speed analog semiconductor solutions for the
communications market and high-speed memory interface solutions for the
computing market. For the six months ended 30 June 2013, Inphi Corporation
revenues increased 8% to $46.9M. Net loss increased from $3.1M to $9.1M.
Revenues reflect Other segment increase from $6.9M to $14.2M, Korea segment
increase from $4.7M to $11.2M. Higher net loss reflects Other income decrease
of 5% to $426K (income). Basic Earnings per Share excluding Extraordinary Items
decreased from -$0.11 to -$0.32.
Industry
Industry
Semiconductor and Other Electronic Component Manufacturing
ANZSIC 2006: 2429 - Other Electronic Equipment
Manufacturing
ISIC Rev 4: 2610 - Manufacture of electronic
components and boards
NACE Rev 2: 2611 - Manufacture of electronic
components
NAICS 2012: 334413 - Semiconductor and Related Device
Manufacturing
UK SIC 2007: 2611 - Manufacture of electronic components
US SIC 1987: 3674 - Semiconductors and Related Devices
|
Name |
Title |
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Ford G. Tamer |
President, Chief Executive Officer, Director |
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John S. Edmunds |
Chief Financial Officer, Chief Accounting Officer |
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Siddharth Sheth |
Vice President - Marketing, High-speed Connectivity Products |
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Ron Torten |
Vice President - Worldwide Operations |
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Chris Haywood |
Vice President & Chief Architect, Computing & Storage |
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Topic |
#* |
Most Recent Headline |
|
2 |
Inphi Corp
Issues Q1 2013 Guidance Below Analysts' Estimates |
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|
2 |
Inphi Corp Issues
Q3 2013 Guidance In Line With Analysts' Estimates |
* number of significant developments within
the last 12 months
|
|
1 - Profit &
Loss Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet
Item Exchange Rate: USD 1 = USD 1
Location
Suite 300, 2953
Bunker Hill Lane
Santa Clara, CA,
95054
Santa Clara
County
United States
Tel: 408-217-7300
Fax: 408-217-7350
Web: www.inphi.com
Quote Symbol -
Exchange
IPHI - New York Stock Exchange
Sales USD(mil): 91.2
Assets USD(mil): 170.1
Employees: 192
Fiscal Year End: 31-Dec-2012
Industry: Semiconductors
Incorporation
Date: 13-Nov-2000
Company Type: Public Independent
Quoted Status: Quoted
President, Chief Executive Officer, Director:
Ford G. Tamer
Industry Codes
ANZSIC 2006
Codes:
2429 - Other
Electronic Equipment Manufacturing
ISIC Rev 4 Codes:
2610 - Manufacture
of electronic components and boards
NACE Rev 2 Codes:
2611 - Manufacture
of electronic components
NAICS 2012 Codes:
334413 - Semiconductor
and Related Device Manufacturing
US SIC 1987:
3674 - Semiconductors
and Related Devices
UK SIC 2007:
2611 - Manufacture
of electronic components
Business Description
Inphi Corporation
(Inphi), incorporated in November 2000, is a provider of high-speed analog
semiconductor solutions for the communications and computing markets. The
Company has a product portfolio with 17 product lines and over 170 products.
Its analog semiconductor solutions provide high signal integrity at data speeds
while reducing system power consumption. Its solutions are designed to address
bandwidth bottlenecks in networks, maximize throughput and minimize latency in
computing environments and enable the rollout of next generation communications
and computing infrastructures. Its product categories include Networking and
Communications Products, Computing and storage products, and Test and
measurement, military and aerospace products. It provides 40 gigabits (40G) per
second and 100 gigabits per second, high-speed analog semiconductor solutions
for the communications market and high-speed memory interface solutions for the
computing market.
The Company’s
solutions provide high-speed interface between analog signals and digital
information in high-performance systems, such as telecommunications transport
systems, enterprise networking equipment, datacenter and enterprise servers,
storage platforms, test and measurement equipment and military systems. Sales
directly to Samsung accounted for 36% and 33% of the total revenue and sales
directly and through distributors to Micron accounted for 17% and 12% of the
total revenue during the year ended December 31, 2009. The Company’s products
are sold as components or as modules for use in other electronic equipment sold
by its customers.
High-speed analog
products for networking and communications applications
Inphi develops
broadband analog semiconductors that are designed into routing, switching and
optical transport networking equipment, providing critical connections between
the optical and electrical systems. Inphi’s high-speed analog components
enable telecommunications carriers to increase their network capacity. Its
high-speed analog products include transimpedance amplifiers (TIAs), modulator
drivers, retimers, clock fanouts and frequency dividers for 40G/100G networks.
Memory interface
products for computing and storage applications
Inphi’s
enterprise memory interface components address the central processing unit
(CPU)/memory bottleneck in data center servers and high-performance computing
systems. Inphi’s ExacTik memory interface components enable data centers and
cloud computing applications to operate at high speeds. Inphi’s ExacTik
products include PLLs, registers, buffers, motherboard buffers and silicon
clocks.
Test and
measurement, military and aerospace products
Inphi’s
products for test and measurement enable the development of next-generation
testers for emerging or new applications, such as 100G Ethernet and 100G
Coherent Detection. For military markets, Inphi’s products include 10G and 50G
logic gates retimers, fanout buffers, MUX, DEMUX and latched comparators.
The Company
competes with Broadcom Corporation, Hittite Microwave Corporation, Integrated
Device Technology, Inc., Texas Instruments Incorporated and NetLogic
Microsystems, Inc.
More Business Descriptions
Inphi Corporation
(Inphi) is a provider of high-speed analog semiconductor solutions for the
communications and computing markets. The Company has a product portfolio with
17 product lines and over 170 products. Its analog semiconductor solutions
provide high signal integrity at data speeds while reducing system power
consumption. Its solutions are designed to address bandwidth bottlenecks in
networks, maximize throughput and minimize latency in computing environments
and enable the rollout of next generation communications and computing
infrastructures. Its product categories include Networking and Communications
Products, Computing and storage products, and Test and measurement, military
and aerospace products. It provides 40 gigabits (40G) per second and 100
gigabits per second, high-speed analog semiconductor solutions for the
communications market and high-speed memory interface solutions for the
computing market. For the six months ended 30 June 2013, Inphi Corporation revenues
increased 8% to $46.9M. Net loss increased from $3.1M to $9.1M. Revenues
reflect Other segment increase from $6.9M to $14.2M, Korea segment increase
from $4.7M to $11.2M. Higher net loss reflects Other income decrease of 5% to
$426K (income). Basic Earnings per Share excluding Extraordinary Items
decreased from -$0.11 to -$0.32.
Establishments
primarily engaged in manufacturing electronic components, not elsewhere
classified, such as receiving antennas, switches, and waveguides.
Semiconductor and
Other Electronic Component Manufacturing