STMICROELECTRON

[1/2] Visitors stand next to the “Make In India” banner during a three-day semiconductor event in Bengaluru, India, April 30, 2022. REUTERS/Mansif Vengatel/File Photo In India, Modi wants to make the country a center for the chip industry Companies struggle to get ahead with sourcing plans Intel-Tower deal disrupts chipset plans The massive Vedanta-Foxconn project is also going slowly NEW DELHI/OAKLAND, CALIFORNIA, June 1 (Reuters) – Majors, including the Foxconn joint venture that made a $10 billion incentive bid for India’s semiconductor buyout, are struggling because of a lack of a technology partner, a major setback for the president’s ambitions. Minister Narendra Modi in the chip industry. Three people with direct knowledge of the strategy said a planned $3 billion semiconductor facility in India by chip consortium ISMC that considered the Israeli chipmaker a technology partner has been held up due to the company’s ongoing takeover by Intel. A second massive $19.5 billion plan to build chips domestically through a joint venture between India’s Vedanta and Taiwan’s Foxconn is also moving slowly as their talks about European firm STMicroelectronics (STMPA.PA) as a partner hit a dead end, a fourth source with first-hand knowledge said.

STMicroelectronics remains a top pick within European tech hardware coverage. Click here to see our take on STM stock.

STMicroelectronics (NYSE: STM ) has outperformed the market over the past 10 years by 6.84% on an annualized basis producing an average annual return of 16.58%. Currently, STMicroelectronics has a market capitalization of $39.67 billion. Buying $1000 In STM: If an … Full story available on Benzinga.com

Atomera Incorporated is finally able to enjoy its first production win with STMicroelectronics. See why I think STM deal is likely to be a company-altering event.

The Manila Electric Co. (Meralco) on Tuesday announced that it has put up a new substation and a switching station within the Light Industry and Science Park 2 (LISP 2) in Calamba City, Laguna. The substation and switching station will address the growing demand of STMicroelectronics Inc. (STMI), the largest…

https://www.investing.com/news/pro/stmicroelectroni-receives-investment-bank-analyst-rating-update-3068657

The silicon carbide manufacturers took a dip after Wolfspeed reported difficulties ramping up production on its earnings release, and STM also acknowledged challenges with next-gen SiC production.

On Friday, chipmakers STMicroelectronics NV (NYSE: STM ) and GlobalFoundries Inc (NASDAQ: GFS ) won the EU approval to build a new chip factory with French state aid in France. The companies disclosed their plan in July 2022. The new facility will be situated next to STM''s existing plant in Crolles and reach full capacity by 2026, with up to 620,000 wafers per … Full story available on Benzinga.com

STMicroelectronics (STM) and GlobalFoundries (GFS) received approval for French state aid to build a chip plant. Read for more.

U.S. stocks extended gains toward the end of trading, with the Dow Jones gaining more than 500 points on Thursday. The Dow traded up 1.52% to 33,808.80 while the NASDAQ rose 2.34% to 12,131.98. The S&P 500, also rose, gaining, 1.86% to 4,131.48. Check This Out: Top 5 Industrials Stocks That Could Lead To Your Biggest Gains In April Leading and Lagging Sectors Communication services shares rose by 5.8% on Thursday. Meanwhile, top gainers in the sector included Meta Platforms, Inc. (NASDAQ: META ), up 15%, and Nexters Inc. (NASDAQ: GDEV ), up 12%. In trading on Thursday, health care shares fell by 0.1%. Top Headline Caterpillar Inc (NYSE: CAT ) reported better-than-expected Q1 earnings. Caterpillar reported adjusted earnings of $4.91 per share, compared to $2.88 a year ago, beating the consensus of $3.78. Revenues for the quarter rose 17% year-over-year to $15.9 billion, beating the consensus estimate of $15.25 billion. Equities Trading UP Atomera Incorporated (NASDAQ: ATOM ) shares shot up 32% to $6.89 after the company posted results for its first quarter.

https://www.investing.com/news/pro/stmicroelectronics-nv-pt-raised-to-eur58-at-citi-432SI-2959684

STMicroelectronics boosts EV performance and driving range with new silicon-carbide power modules

Major players in the intelligent power module market are Mitsubishi Electric, On Semiconductor, Infineon Technologies, Fuji Electric, Semikron, Rohm Semiconductor, Sanken Electric, Stmicroelectronics, Hangzhou Silan Microelectronics, Sino Microelectronics, Alpha & Omega Semiconductor, Cissoid, Sensitron Semiconductor, Rongtech Industry, and Powerex. Major players in the intelligent power module market are Mitsubishi Electric, On Semiconductor, Infineon Technologies, Fuji Electric, Semikron, Rohm Semiconductor, Sanken Electric, Stmicroelectronics, Hangzhou Silan Microelectronics, Sino Microelectronics, Alpha & Omega Semiconductor, Cissoid, Sensitron Semiconductor, Rongtech Industry, and Powerex.

STMicroelectronics and Soitec have announced the next stage of their cooperation on silicon carbide (SiC) substrates, with the qualification of Soitec''s SiC substrate technology by ST planned over the next 18 months. The goal of this cooperation is the adoption by ST of Soitec''s SmartSiC technology for its future 200mm substrate manufacturing, feeding its devices and modules manufacturing business, with volume production expected in the midterm.

Global semiconductor leader STMicroelectronics N.V. (NYSE: STM ) and Soitec (OTC: SLOIF ) (OTC: SLOIY ) disclosed the next stage of their cooperation on Silicon Carbide (SiC) substrates . The deal included the qualification of Soitec''s SiC substrate technology by STMicroelectronics, planned over the next 18 months. STMicroelectronics aims to adopt Soitec''s SmartSiC technology for its future 200mm substrate manufacturing, … Full story available on Benzinga.com