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TSMC Sales, Profit Hit All-time Highs in Second Quarter (PC World)
PC World - Chip giant Taiwan Semiconductor Manufacturing Co. (TSMC) reported its best quarterly net profit and sales ever in the second quarter, and predicted the third quarter will be even better.

Broadcom reports jump in 2Q profit on chip demand (AP)
AP - Chip maker Broadcom Corp. booked a jump in second-quarter earnings Tuesday, helped by improving demand for semiconductors that help power smart phones and other wireless products.

Volterra Semi shares drop after 2Q results (AP)
AP - Shares of chip maker Volterra Semiconductor Corp. stumbled Tuesday after the company's second-quarter results failed to dazzle investors.

Is Google Watching You? New Plugin Will Let You Know [APPS] (Mashable)
Mashable - Another rad browser plugin called Google Alarm hit the Internets this week, which alerts you every time your personal info is sent to Google's servers. How? Via notifications, a running tally of dangerous sites and, naturally, a super annoying, vuvuzela-like alarm.

Update: Intel Claims 50-Gbit/s Laser Link Is a Breakthrough (PC Magazine)
PC Magazine - Intel said Tuesday that it had developed a 50-Gbit/s optical interconnect prototype, using a technique called photonics, that could be used as an ultrafast optical data connection by the middle of the decade. Intel executives compared it to the invention of the transistor in terms of its significance and potential for application.

Apple announces new Mac Pro with up to 12 cores (Macworld.com)
Macworld.com - Apple announced a new Mac Pro on Tuesday that features up to 12 CPU cores for up to a 50 percent performance improvement over its predecessor.

Volterra posts 2Q jump in profit and sales (AP)
AP - Volterra Semiconductor Corp., which makes chips that regulate power supplies, on Monday reported a big spike in profit for its second quarter as revenue almost doubled compared to a year ago, but its shares fell as investors expected even better.

Court sides with Power Integrations in patent case (AP)
AP - Power Integrations Inc. said Friday that a district court in Delaware determined that Fairchild Semiconductor International Inc. willfully infringed on Power Integration's patents.