STMicroelectronics

Various chipmakers in their latest quarterly earnings have signaled the beginning of a supply glut in the auto sector, that is likely to weigh on demand for companies such as Tower Semiconductor.Israel-based contract chipmaker Tower Semiconductor posted a decline in its fourth-quarter revenue on Wednesday, hurt by uncertainty in demand from the automotive sector.The company said the Israel-Hamas war was not impacting its operations or its supply chain.Its Nasdaq-listed…

The ongoing Intel-Tower takeover deal has stalled the plans of a $3 billion semiconductor facility in India. The facility was being built by chip consortium ISMC which added Israeli chipmaker Tower as a tech partner. According to a report by Reuters, India's chip-making plans get delayed as the US chipmaking giant is currently taking over its Israeli counterpart.Another $19.5 billion plan to manufacture semiconductors locally by a joint venture (JV) between India's Vedanta and Taiwan's Foxconn is also progressing slowly.…

A joint venture (JV) between India’s Vedanta and Taiwan’s Foxconn announced its chipmaking plans in Gujarat in September 2022. The $19.5 billion chip-making plan was expected to be "an important step" in boosting India's chipmaking ambitions. However, things haven't gone as planned as the JV continues its search for a third tech partner. According to a report by Reuters, Vedanta-Foxconn got STMicroelectronics on board for licensing technology. But, the government wants the European chipmaker to have "more skin in the…

Chipmakers STMicroelectronics and GlobalFoundries secured EU approval on Friday to build a chip factory with French state aid in France. The companies announced their plan in July last year, with the new facility to be situated next to STM's existing plant in Crolles and targeted to reach full capacity by 2026, with up to 620,000 wafers per year of production at a size of 18-nanometers. "The aid will take the form of direct grants to ST and to GF, to support their investments in the project worth totally 7.4 billion euros…

European chipmaker STMicroelectronics beat first-quarter results forecasts on Thursday, defying signs of a slowdown in the semiconductor industry. However, it shares fell around 4% in early trade as investors worried the slowdown would eventually catch up with the company, which counts iPhone maker Apple and carmaker Tesla among its customers. STMicro reported first-quarter earnings per share (EPS) of $1.10 on a 20% increase in revenues to $4.25 billion. Analysts had expected EPS of $0.99 and revenues of $4.19 billion,…

<!----> Example of an 8-inch silicon carbide wafer from STMicroelectronics. ZF will use the chips in the devices manufactured by ST in its future inverter platform. ZF will, from 2025, purchase silicon carbide devices from STMicroelectronics (ST), a global semiconductor manufacturing…

The Vedanta-Foxconn semiconductor consortium’s discussions with STMicroelectronics for inducting the European company as a technology partner have got stuck due to lack of agreement on finer details of technology transfer, the duration of the partnership and the funds to be invested by each company, multiple people aware of the situation told ET.One key sticking point is that STMicroelectronics wants to limit the scope of the technology transfer as well as have a sunset clause regarding the duration of the joint venture,…

Image Source : PIXABAY Type C The USB cord market is taking a new avatar and soon we will be witnessing the latest USB 4 version 2.0 which will be capable to deliver a speed of up to 80 Gbps. The speed of the upcoming Type C will be capable to deliver around double the capacity of the original USB 4, or even Thunderbolt 4. The USB Promoter Group has announced the…

Qualcomm and GlobalFoundries signed an agreement to more than double their existing long-term manufacturing agreement for chips used in 5G transceivers, Wi-Fi, automotive and Internet of Things (IoT) connectivity. Under a multi-billion dollar revenue agreement, the chips will be produced in GlobalFoundries' factories in the United States, Germany, Singapore and France. The companies are committed to supporting US-based manufacturing by expanding capacity at GlobalFoundries' most advanced semiconductor manufacturing…

Italy is close to clinching a deal initially worth $5 billion with Intel to build an advanced semiconductor packaging and assembly plant in the country. Intel's investment in Italy is part of a wider plan announced by the US chipmaker earlier this year to invest $88 billion in building capacity across Europe, which is striving to cut its reliance on Asian chip imports and ease a supply crunch that has curbed output in the region's strategic car sector. Asking not to be named due to the sensitivity of the matter, the…