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Chipmakers warn AI demand is creating bottlenecks in automotive supply chainNexperia says it is heavily oversubscribed as chipmakers redirect capacity towards higher-margin AI data-centre products, creating shortage...- Ferrari accelerates India push as 'market of the future', targets younger buyers while guarding exclusivityBenedetto Vigna, CEO of Ferrari, who has been driving around Indian roads, talks about the need to be closer to the clients, how their Indi...
- STMicro nearly doubles quarterly profit, sees Q4 sales exceeding $4 billionSTMicroelectronics reported a third-quarter operating profit above market expectations on Thursday, as demand from AI data centres and sate...
- Global Markets: European stocks rise as STMicroelectronics' forecasts lift tech stocksEuropean shares climbed Tuesday, led by technology stocks boosted by strong forecasts from STMicroelectronics amid AI demand. Investors awa...
- STMicro has shipped 5 billion chips for Starlink in past decade; that could double by 2027STMicroelectronics has supplied over 5 billion radio-frequency antenna chips to SpaceX for its Starlink satellite network. The chipmaker an...
- STMicroelectronics CEO says 5,000 jobs to be cut in next 3 yearsAround 2,000 employees will leave the the Franco-Italian chipmaker due to attrition, bringing the total count with voluntary departures to ...
- Italian top government official seen joining STMicroelectronics supervisory boardThe proposed nomination, which once formalised must be ratified by the STMicroelectronics supervisory board and by the shareholders in a ge...
- STMicroelectronics cuts full-year outlook for second timeSTMicroelectronics, whose clients include Tesla and Apple, said it expects revenue of $13.2 billion to $13.7 billion for 2024, down from a ...
- France to provide €2.9 billion in aid for new STMicro/GlobalFoundries factoryThe 2.9 billion euros are part of the 5.5 billion euros package France has set aside for its investments in the microchip sector by 2030.
- Vedanta-Foxconn's chip making ambitions have hit a speed bumpDeal stalled over technology transfer, duration of partnership and investment issues
- Foxconn, Vedanta plan tech tie-up with STM for India semiconductor manufacturing unitFoxconn will continue to be the lead partner in the joint venture that was announced last February. "The government is bullish on Foxconn, ...
- Foxconn, Vedanta plan tech tie-up with STM for semiconductor manufacturing unit in IndiaThe Vedanta-Foxconn consortium is one of the five applicants seeking government incentives under a $10-billion package announced in Decembe...
- 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...
- European stocks open higher after upbeat H&M, STMicro resultsH&M rose 5.6% as it reported a third-quarter profit above analysts' expectations and said sales continued to recover in September. The reta...
- Den selects STMicroelectronics chip for its set top boxesSTiH273(Palma) HD cable chipset, selected by Den Network would deliver high-definition content which would be almost five times better in v...
- Cabinet approves 2 semiconductor units worth Rs 63,410 croreThe Cabinet has approved two electronic chip manufacturing plants in the country to be set up by two groups, with players such as STMicroel...
- Cabinet approves setting up of two semiconductor fabrication unitsWith an eye on stronger local electronic manufacturing, govt has approved plans for setting up two semiconductor fabrication units in the c...
- IBM and STMicroelectronics look to invest Rs 50,000 cr in chip-making in IndiaIndia is set to get its first chip-making facility with the two global players in advanced stages of talks with the govt for an investment ...
- ST-Ericsson to lay off 600 staff worldwideST-Ericsson plans to cut around 600 jobs worldwide as part of a move.
- ST Micro to shut tho cut costSTMicroelectronics announced that as part of its decision to deconsolidate its Flash memory businesclose down three of its manufacturing op...
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