A team of former FillFactory founders and senior staff have formed CMOS image sensor company, Cmosis NV.

Valor Computerized Systems Ltd. (Yavne, Israel), an Israeli EDA company which sells software to support systems and PCB design and to manage manufacturing flows, has filed a registration statement with the United States Securities and Exchange Commission advising of a proposed public offering of ordinary shares in the company.

Nokia announced plans to discontinue its mobile devices production and related activities in Bochum, Germany. The company claims the location is not cost effective and plans to move the respective activities to other European sites.

The Belgian inter-university research center IMEC says it has managed to squeeze a 20-fold performance improvement out of its Scalable Video Decoding (SVC) source code.

Samsung Electronics, the biggest maker of memory chips used in computers, cameras and music players, posted a smaller-than-expected 7 percent dip in
quarterly profit, as strong sales of its TV screens eclipsed falling chip prices.