11

Dec

STMicroelectronics opens new 1-billion-euro credit line with EIB

Chipmaker STMicroelectronics said on Thursday it had established a 1 billion euro ($1.2 billion) credit line with the European Investment Bank (EIB). The first 500-million-euro slice will be used to…

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24

Jul

Chipmaker STMicro makes first loss in over a decade, hit by restructuring costs

STMicroelectronics reported a second-quarter loss on Thursday, its first in more than a decade, falling short of market expectations as it took a $190-million hit for restructuring and impairment costs.…

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04

Jun

STMicroelectronics CEO sees signs of market upturn

STMicroelectronics' chief executive said on Wednesday that the French-Italian chipmaker has seen signs of an upcycle — a period of increased market demand — which will boost its results in…

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10

Apr

Italy says it opposes the CEO of STMicro

The Italian government opposes the CEO of STMicroelectronics, the economy minister said, as the Franco-Italian chipmaker faces a sustained downturn in its key automotive and industrial markets. "The behavior of…

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25

Jan

STMicro sees Q1 sales well below estimates as auto chip demand softens

By Michal Aleksandrowicz Jan 25 (Reuters) - European chipmaker STMicroelectronics on Thursday forecast a more than 15% drop in first-quarter revenue, well below market expectations, due to softer automotive demand…

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10

Jan

STMicroelectronics to reorganise into two product groups

Chipmaker STMicroelectronics said on Wednesday that it would set up a new structure for its organisation, with two new product groups focusing on areas such as sensors and digital products.…

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10

Jun

STMicroelectronics and Sanan plan silicon carbide venture in China

PARIS (Reuters) - Semiconductor supplier STMicroelectronics and Sanan Optoelectronics plan to set up a silicon carbide manufacturing joint venture in Chongqing, China, they said this week. The companies said the…

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27

Apr

STMicroelectronics posts better-than-expected Q1 results

By Martin Coulter LONDON, April 27 (Reuters) - European chipmaker STMicroelectronics reported better-than-expected first-quarter results on Thursday. The company's revenue jumped 20% year-over-year to $4.25 billion in the quarter, outperforming…

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05

Oct

STMicroelectronics to build $728 mln chip plant in Italy

Oct 5 (Reuters) - STMicroelectronics (ST) said on Wednesday it would build a 730 million euro ($728 million) silicon carbide wafer plant in Italy, the latest investment by a major…

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05

Oct

UPDATED: STMicroelectronics wins European Commission backing for Italy plant

Oct 5 (Reuters) - The European Commission on Wednesday approved Italian state aid for STMicroelectronics which plans to build a plant the company says will create around 700 jobs. The…

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28

Jul

STMicro expects chip factories to run at full steam until 2023

PARIS/STOCKHOLM, July 28 (Reuters) - STMicroelectronics expects its factories to run at full steam well into 2023 as the chipmaker's backlog is filled by the car and smartphone industries, prompting it to raise…

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27

Jan

STMicro plans to invest up to $3.6 bln in 2022 to meet chip demand

PARIS, Jan 27 (Reuters) - Franco-Italian chipmaker STMicroelectronics said it planned to invest up to $3.6 billion this year and open a new production line in Italy to meet high…

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31

Jul

STMicroelectronics revenue beats on chip demand from car, phone makers

STMicroelectronics posted a better-than-expected second-quarter revenue this week, as the Franco-Italian chipmaker benefited from strong demand for its chips used in smartphones to cars, and forecast an upbeat current quarter.…

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01

Oct

STMicroelectronics revenue exceeds own third-quarter expectation

STMicroelectronics saw a sharp rise in automotive and microcontrollers demand in the third quarter, setting it on course to top its 2020 guidance, the semiconductor maker said on Thursday. The…

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