DSP cores and solutions supplier, ParthusCeva has announced that its TeakLite® DSP core is to power Infineon Technologies' latest single-chip GSM/GPRS wireless baseband controller, the S-GOLDlite(TM).

The European Commission is expected to announce tomorrow its approval of a grant of about €100m for Infineon Technologies AG's development centre.

Infineon Technologies AG of Germany, a leading company in the worldwide semiconductor industry, is to establish a Customer Logistics Management Centre at its existing premises at Fitzwilliam Lane, Dublin.

German semiconductor company Infineon Technologies is to open a new customer logistics management centre in Dublin, creating 30 new jobs.

IBM and German semiconductor company Infineon say that they have produced a 128k Magnetic Random Access Memory (MRAM) chip which is the smallest MRAM chip ever produced.

CeBIT Motorola said last week that it did not expect to see significant sales of its 3G handsets this year.

Share prices pushed higher midday as market participants jostled for position ahead of an expected ECB rate cut this afternoon.

Share price were higher midday, in line with the strong late showing on Wall Street on Friday, with Munich Re supported by a broker upgrade, while Bayer was lifted by reports that GlaxoSmithKline is eyeing its pharma division, dealers said.

Infineon, the world's fourth-largest maker of computer chips, narrowed its losses last quarter as demand for its key product picked up.

The California-based Semiconductor Industry Association [SIA] said chip sales had increased for the second month running in data reported for November 2001, and forecast a 4.7% increase in sales in Q4 compared with Q3.

London shares ended a six-session run of successive losses when it closed up today boosted by a recovery in telecom stocks, strength in oils - led by an update from Shell - and gains in the heavyweight banking sector after Royal Bank of Scotland issued an upbeat trading statement, dealers said.

The FTSE-100 Index has emerged unscathed despite another battering for beleaguered tech and telecom stocks.

Poor news from overseas technology companies has hit the FTSE-100 Index, which has lost 47.8 points.