Welcome to our dedicated page for Cirrus Logic news (Ticker: CRUS), a resource for investors and traders seeking the latest updates and insights on Cirrus Logic stock.
Cirrus Logic Inc. (symbol: CRUS) is a pioneering company in the design and development of high-performance, low-power integrated circuits (ICs) tailored for audio and voice signal processing applications. The company offers a comprehensive range of products that span the entire audio signal chain, from capture to playback. These innovative solutions are widely utilized in world-leading smartphones, tablets, digital headsets, wearables, and emerging smart home applications.
Headquartered in Austin, Texas, Cirrus Logic has earned global recognition for its award-winning corporate culture. Established in 1984, the company excels at developing sophisticated chip designs that prioritize feature integration and innovation. As of now, Cirrus Logic holds over 2,100 patents, which are integral to its more than 700 products serving over 2,500 end customers worldwide. The company engages in direct sales as well as distributor-based channel sales.
The core business of Cirrus Logic is divided into two main streams: portable audio products and non-portable audio and other products. These categories include analog and mixed-signal components that target mobile devices, smart homes, and various applications in the automotive, energy, and industrial markets. The firm's revenue is geographically diversified, with approximately half generated in China and the remaining from regions including the United States, Europe, South Korea, and other countries around the globe.
Recent developments at Cirrus Logic include key partnerships and collaborations aimed at enhancing product capabilities and expanding market reach. Financially, the company maintains a robust condition, supported by steady revenue growth and strategic initiatives that drive innovation.
For the latest updates, financial performance, and news related to Cirrus Logic, visit their official website at www.cirrus.com.
Cirrus Logic (NASDAQ: CRUS) announced the nomination of William D. Mosley for election to its board of directors at the 2024 Annual Meeting scheduled for July 26, 2024. Mosley, who has been the CEO of Seagate Technology since October 2017, brings extensive experience in global operations, technology, R&D, sales, and marketing. The announcement also includes the retirement of Tim Dehne, a board member since 2009, who will not stand for reelection. Cirrus Logic, known for its low-power, high-precision mixed-signal processing solutions, is headquartered in Austin, Texas.
Jacobs (NYSE:J) has appointed Venk Nathamuni as its new Chief Financial Officer, effective June 3, 2024. Nathamuni brings over 30 years of experience, including 15 years in executive finance roles, and will oversee Jacobs' financial operations, capital allocation, and investor relations. He previously served as CFO at Cirrus Logic, a $6 billion semiconductor company. Jacobs CEO Bob Pragada emphasized Nathamuni's strategic vision and leadership. Interim CFO Kevin Berryman will assist in the transition and continue as Special Advisor to the CEO. Nathamuni holds an MBA from Wharton and degrees in engineering from SUNY Stony Brook and Madurai Kamaraj University, India.
Cirrus Logic (NASDAQ: CRUS) announced that CFO Venk Nathamuni will resign effective May 24, 2024, to pursue an opportunity outside the semiconductor industry. The Board has appointed Ulf Habermann, Principal Accounting Officer, as interim CFO. Habermann, with 22 years at Cirrus Logic, has held roles such as Controller, Treasurer, and VP of Finance. This transition aims to ensure continuity while the company searches for a permanent CFO. Cirrus Logic specializes in low-power, high-precision mixed-signal processing solutions for mobile and consumer applications and is based in Austin, Texas.
Cirrus Logic, Inc. (NASDAQ: CRUS) reported revenue of $371.8 million for the fourth quarter and $1.79 billion for full fiscal year 2024. The company highlighted progress in product development, increased non-GAAP earnings per share, and positive business outlook for growth and diversification.
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