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STMICRO REVENUE
STMicro lifts data centre revenue goals on AI demand, shares hit 25-year highThe Franco-Italian chipmaker's shares rose as much as 10% to €65.21 per share, their highest since September 2000. They were up 8.4% as o...- STMicro sees better quarterly sales after bottom-of-year first quarterOne of Europe's largest chipmakers expects revenue of $2.71 billion in the second quarter, 16.2% lower than last year but above analysts' e...
- The lower the AI exposure, the bigger the problem for Europe's chip firmsChip component suppliers like ASML and ASM International are more exposed to the booming AI chip market and demand from high-end tech clien...
- STMicro sees Q1 sales well below estimates as auto chip demand softensThe company, whose clients include Tesla and Apple, expects first-quarter revenue of $3.6 billion, down from $4.25 billion a year earlier. ...
- Swiss chipmaker STMicro beats third quarter sales forecastsSTMicro said it expects fourth quarter sales to fall about 3% year on year to $4.30 billion. Demand from car makers has helped the semicond...
- Reliance, Nvidia to develop AI infra in India; Freshworks draws large customersMukesh Ambani-led Reliance Industries has tied up with chipmaker Nvidia to develop India’s own foundation large language model. The petroch...
- Foxconn may partner with TSMC and TMH to set up fab unitsFoxconn is likely to soon finalise the details of the partnership to manufacture both advanced and legacy node chips, a source close to the...
- ETtech Unwrapped: Gig workers versus Blinkit, and other top stories this weekEven for Blinkit, the change in payout structure was the straw that broke the camel’s back with delivery executives telling us that they ha...
- TCS reports weaker than expected Q4 numbers; PhonePe chalks up another $100m from GA, more expectedTata Consultancy Services (TCS) said its net profit for the final quarter of fiscal 2023 rose 15% on-year, but India’s largest software exp...
- STMicro, GlobalFoundries to build French semiconductor plant -Le FigaroThis would help support a push from the European Commission to produce 20% of the world's microchips in Europe by 2030.
- STMicroelectronics and GlobalFoundries confirm major new France investmentSTMicroelectronics and GlobalFoundries said the new French site comprised a projected multi-billion euro collaborative investment that incl...
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