Hutchinson Technology designs and produces critical component technologies. As a world-class precision manufacturing partner, we provide customers with industry- leading product and process development, cost-effective, high-volume production, and unequaled focus on quality.
In the smartphone camera market, our shape memory alloy (SMA) optical image stabilization (OIS) actuator helps improve picture and video quality, particularly in low- light conditions, and offers performance, size, and cost size advantages.
Through our new business development initiatives, we continue to leverage our unique precision manufacturing capabilities to produce components and sub-assemblies for new market segments.
Gross Profit Improves on 22% Sequential Volume Growth
HUTCHINSON, Minn., Nov. 2, 2015 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (NASDAQ:HTCH) today reported net sales of $63.4 million for its fiscal fourth quarter ended September 27, 2015. Suspension assembly shipments for the quarter totaled 105.4 million, up 22% from 86.6 million in the preceding quarter.
"As we expected, overall demand for suspension assemblies grew in what is typically a seasonally stronger period for di...
Hutchinson Technology Shareholders to Receive Up to US$4.00 in Cash Per Share
TOKYO and HUTCHINSON, Minn., Nov. 2, 2015 (GLOBE NEWSWIRE) -- TDK Corporation ("TDK") and Hutchinson Technology Incorporated (NASDAQ:HTCH) ("HTI") today jointly announced that they have entered into a definitive merger agreement under which TDK will acquire all of the outstanding shares of common stock of HTI for base consideration of US$3.62 per share, plus additional consideration of up to US$0.38 per share, dependi...
HUTCHINSON, Minn., Oct. 22, 2015 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (NASDAQ:HTCH) today announced it will report fiscal 2015 fourth quarter financial results on Friday, November 6, 2015, before the open of the market. A subsequent conference call for the investment community will take place at 8:00 a.m. Eastern Time (7:00 a.m. Central Time).
Individual investors and news media may participate in the conference call via a webcast, which will be accessible live and on an a...
New Design Can Enable the World's Slimmest OIS Smartphone Cameras
HUTCHINSON, Minn., July 30, 2015 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (NASDAQ:HTCH) today announced that it expects to begin shipping prototypes of a new Shape Memory Alloy Optical Image Stabilization (SMA OIS) actuator to tier 1 camera module manufacturers in early August. The new Gemini product was designed in response to customer requests for reduced OIS camera thickness. Gemini reduces SMA OIS actuator thick...
Hutchinson Technology is a global technology leader committed to creating value by developing solutions to critical customer problems. Our culture of quality, continuous improvement, superior innovation and a relentless focus on the fundamentals enables us to lead in the markets we serve.