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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...24 Apr, 2025, 03.53 PM IST- STMicroelectronics' supervisory board denies allegations of insider tradingThe statement came a day after Italy's economy minister Giancarlo Giorgetti accused STMicro's management of having sold shares it held a da...10 Apr, 2025, 03.48 PM IST
- 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...25 Jul, 2024, 05.45 PM IST
- 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. ...25 Jan, 2024, 03.18 PM IST
- 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...26 Oct, 2023, 11.30 AM IST
- Foxconn seeks to work with STMicro to build India chip plantWeeks after Foxconn's partnership with Vedanta Resources fell through, it is now partnering with STMicroelectronics NV to bid on building a...07 Sep, 2023, 03.46 PM IST
- 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...14 Jul, 2023, 06.01 AM IST
- Vedanta's debt pile is heavier than it thought with Foxconn pulling the plugTaiwanese firm Foxconn has pulled out of a JV with Indian mining firm Vedanta over concerns surrounding the latter company’s finances, acco...11 Jul, 2023, 05.17 PM IST
- Foxconn reaffirms India commitment after Vedanta deal falls throughAccording to a statement issued by the company, "This is not a negative. There was recognition from both sides that the project was not mov...11 Jul, 2023, 12.06 PM IST
- Foxconn dumps $19.5 billion Vedanta chip plan in blow to IndiaFoxconn said on Monday it is pulling out of a joint venture with Vedanta Ltd that was set up to make semiconductors from India.10 Jul, 2023, 09.14 PM IST
- ISMC's India chip plan stalls after Tower-Intel deal in setback to ModiIndia's ambitious plans to become a competitive player in the semiconductor market face setbacks, with the proposed $3bn facility by Israel...01 Jun, 2023, 05.44 PM IST
- Vedanta-Foxconn chip factory set to get green lightThis will pave the way for the Centre’s bid to establish India as a global hub for semiconductors.16 May, 2023, 06.00 AM IST
- 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 2030.11 Jul, 2022, 01.00 PM IST
- 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...11 Jul, 2022, 12.57 PM IST
- STMicro to cut 4,500 jobs in 2009STMicro, ranked fifth among global chipmakers, registered a loss in 2008 of 786 million dollars (596 million euros) and said it would try t...28 Jan, 2009, 10.20 AM IST
- STMicro to cut 4,500 jobs in 2009French-Italian semiconductor maker STMicroelectronics said it will cut 4,500 jobs, a tenth of its workforce, as it tries to respond to the ...28 Jan, 2009, 10.04 AM IST
- STMicro, Intel to form new co for flash chipsSTMicroelectronics and Intel plan to combine their unprofitable flash-memory businesses into a new company, creating the world’s largest ma...23 May, 2007, 01.22 AM IST
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