The Business Times

STMicroelectronics

Singapore
OBITUARY

Semiconductor pioneer and long-time STMicroelectronics chief Pasquale Pistorio dies at 89

The NXP unit generated US$300 million in revenue in 2024.
Companies & Markets

STMicro to acquire part of NXP Semiconductors’ sensor business for US$950 million

STMicro, in which the Italian and French governments own a combined 27.5 per cent share through a holding company, employs 50,000 people worldwide.
Telcos, Media & Tech

STMicro to cut 5,000 jobs in next 3 years, says CEO

Minister Chan with students from Care Corner Student Care Centres who performed at the Care Corner Uplift for Life Gala Dinner 2024
Giving Back
TAKING HEART

UOL, Vallianz, STMicroelectronics commit S$700,000 to help special needs children, elderly at Care Corner 

ESIA said chip policy under the incoming EU Commission should feature fewer export restrictions, focus on areas where European companies already had advantages, and that aid should be awarded more quickly.
Telcos, Media & Tech

Semiconductor body calls for EU ‘Chips Envoy’, more support

China is both the largest producer and the world’s biggest market for EVs, yet the manufacturers mostly rely on foreign companies for the multiple chips that modern high-end cars require.
Transport & Logistics

Europe’s auto chipmakers have a deepening China habit

STMIcroelectronics' revenue for the second quarter came in at US$3.32 billion versus US$3.2 billion expected by analysts.
Telcos, Media & Tech

STMicro cuts full-year outlook for second time, shares tumble

STMicroelectronics views being in the Chinese market for electric vehicles, digital power controls, and renewable energy as essential.
Telcos, Media & Tech

STMicroelectronics CEO says China is a growth market despite US chip war

STMicroelectronics says it expects fourth quarter sales to fall about 3 per cent year on year to US$4.30 billion.
Telcos, Media & Tech

STMicroelectronics beats third quarter sales forecasts

STMicro’s Automotive and Discrete unit, which is its largest, continued to perform well, with revenue up 34 per cent to US$1.96 billion last quarter, beating estimates.
Companies & Markets

STMicro boosts quarterly revenue as auto demand drives sales

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