STMicroelectronics

2025.02.25

17:02

Most US semiconductor stocks fell before the market opened

Most U.S. semiconductor stocks fell before the market opened, with Intel, AMD, Nvidia, ASML and STMicroelectronics all falling by more than 1%.

16:26

STMicroelectronics CEO reportedly to be fired due to poor performance

The Italian government wants to replace Jean-Marc Chéry, CEO of STMicroelectronics, due to poor performance, people familiar with the matter said. Italy and France each hold a 27.5% stake in STMicroelectronics. In January this year, STMicroelectronics forecast first-quarter net revenue that fell short of analysts' expectations. According to reports, STMicroelectronics is seeking to lay off up to 3,000 employees amid continued sluggish demand. STMicroelectronics' stock price has fallen 37% in the past 12 months.

16:04

European semiconductor companies mostly fell

As European stocks opened, semiconductor companies Semis Besi, STMicroelectronics, ASML, ASM International and Soitec fell, with declines ranging between 1% and 2%.

16:03

As European stocks opened, semiconductor companies Semis Besi, STMicroelectronics, ASML, ASM International and Soitec fell, with declines ranging from 1% to 2%.

2025.02.20

21:03

STMicroelectronics and Amazon AWS collaborate on computing chips

STMicroelectronics said on Thursday that it will launch a new computing chip targeting the booming market for artificial intelligence (AI) data center equipment. The chip was developed by STMicroelectronics in collaboration with Amazon AWS. As large U.S. software companies plan to invest $500 billion to build artificial intelligence infrastructure through the Stargate project, demand for specialized computing chips made by Nvidia is growing, as is demand for chips used in storage, power and communications applications. Vincent Fraisse, general manager of STMicroelectronics' radio and communications chip division, also revealed that the company continues to work with leading optical solutions providers and market leaders in pluggable optical transceivers so that they can use (the chip) in their next-generation transceivers. He did not mention the names of the partner companies.

2025.01.31

20:02

STMicroelectronics is reportedly considering laying off 2,000 to 3,000 employees.

20:01

STMicroelectronics is said to be planning to reduce its workforce through early retirement and natural attrition, and is considering cutting 2,000 to 3,000 jobs.

2024.12.05

08:04

Renault's Ampere and STMicroelectronics sign long-term silicon carbide supply agreement to jointly develop electric vehicle power control systems

On December 5, Ampere, a pure smart electric vehicle manufacturer under Renault Group, and STMicroelectronics announced the next step of their strategic cooperation. Renault Group and STMicroelectronics signed a supply agreement for Ampere's long-term supply of silicon carbide (SiC) power modules starting in 2026. This agreement is part of the cooperation plan between Renault Group and STMicroelectronics to develop a power control system (powerbox) for Ampere's ultra-efficient electric vehicle inverter.

2024.07.25

07:07

STMicroelectronics cuts forecast as auto chip market continues to slump

Asia Tech Wire (July 25) -- STMicroelectronics NV on Thursday again cut its annual revenue forecast.

2024.06.04

07:01

STMicroelectronics, Geely sign long-term silicon carbide supply deal and form joint laboratory

Asia Tech Wire (June 4) -- Swiss chipmaker STMicroelectronics N.V. has signed a long-term silicon carbide supply agreement and established a joint lab with Chinese automaker Geely Automobile Holdings Ltd (0175.HK).

2021.12.17

08:53

Samsung receives STMicroelectronics MCU foundry order for next-generation iPhone

Asian Tech Press (Dec 17) -- South Korea's Samsung Electronics has received a microcontroller unit (MCU) foundry order from STMicroelectronics, and the components will be used for the next generation of iPhones.

2021.08.25

08:43

STMicroelectronics, Infineon halt production due to Covid outbreak

According to Bloomberg reports, with the Covid-19 outbreak in Malaysia out of control, the current daily average of new confirmed cases of more than 20,000 cases, resulting in the local government extending production shutdown measures. STMicroelectronics and Infineon will have to suspend production at some of their local plants, exacerbating the global semiconductor chip shortage problem.

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