HHNEC

AcronymDefinition
HHNECHua Hong NEC Electronics Co., Ltd.
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These non-GAAP financial measures exclude (1) depreciation and amortization, (2) compensation expenses in respect of options granted to directors, officers and employees, (3) acquisition related and reorganization costs, one time gain from acquisition and one time gain from the sale of HHNEC shares, (4) financing expenses, net other than interest accrued, such that non-GAAP financial expenses, net include only interest accrued during the reported period, whether paid or payable and (5) income tax expense, such that non-GAAP income tax expense include only taxes paid during the reported period.
GAAP, excluding acquisition related and reorganization costs, one time gain from acquisition and one time gain from the sale of HHNEC shares, interest and financing expenses (net), tax, depreciation and amortization and stock based compensation expenses.
ARM [(LSE: ARM); (Nasdaq: ARMHY)] today announced the launch of the new ARM(R) SecurCore(TM) Foundry Program, with fabless design houses TMC and HED, and pure-play foundry HHNEC, as the first Partners to enlist in the Program.
Our Partners are aggressively seeking significant design enhancements for their secure applications, and through the newly established SecurCore Foundry Program, and member companies such as TMC, HED and HHNEC, we are now able to provide our Partners around the world with IP targeted to the smart card industry.
Through ARM's new innovative program, we will be able to meet the strict market requirements for designs more easily with the backing of leading foundries such as HHNEC.
13um memory, logic and mixed signal technologies, HHNEC has progressively developed many sought-after processes, including embedded non-volatile memories, HVCMOS, and RFCMOS.
Excluding financing expenses and the net effect of the one-time gain from the sale of the Company's investment in HHNEC in the third quarter of 2011, net loss in the quarter was reduced by $6 million compared with that of the third quarter last year.
EBITDA for the third quarter of 2012 was $40 million, a 2 percent increase as compared to $39 million in the third quarter of 2011, excluding the one-time gain from realization of investment in HHNEC in 2011.
and additional manufacturing capacity in China through partnerships with ASMC and HHNEC.