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STMicroelectronics NV (STM.N)

STM.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

AMS Divests NFC and RFID reader product lines
Friday, 29 Jul 2016 12:59am EDT 

AMS AG : Divests NFC and RFID reader product lines to increase focus on sensor solutions retaining sensing-related wireless activities . To divest NFC and RFID reader IP, technologies and product lines to stmicroelectronics for an up-front cash consideration of $79.3 million plus a substantial deferred earn-out consideration contingent on future results of up to $37 million .Divests NFC and RFID reader product lines to increase focus on sensor solutions retaining sensing-related wireless activities.  Full Article

STMicroelectronics says has no major merger and acquisition deal on the table-CEO
Wednesday, 27 Jul 2016 04:46am EDT 

STMicroelectronics says : Franco-Italian chipmaker is on track to deliver $100 million in annual cost savings from set-top box restructuring by 2017-CEO Further company coverage: [STM.PA] (Reporting by Mathieu Rosemain) ((Mathieu.Rosemain@thomsonreuters.com;)).  Full Article

STMicroelectronics Q2 operating profit jumps to $28 mln
Wednesday, 27 Jul 2016 01:20am EDT 

STMicroelectronics NV : Q2 net revenues of $1.70 billion and gross margin of 33.9 pct . Q2 operating profit $28 million versus $12 million year ago . Q2 net profit attributable to parent company $23 million versus $35 million year ago . Free cash flow of $47 million in Q2; $78 million in H1 2016 . Anticipates sequential increase in net revenues for Q3 by about 5.5 pct at mid-point, and gross margin to be about 35.5 pct at mid-point . Expects Q3 2016 revenues to increase about 5.5 pct on a sequential basis, plus or minus 3.5 percentage points . Sees Q3 gross margin to be about 35.5 pct at mid-point .Outlook is based on an assumed effective currency exchange rate of approximately $1.12 = EUR 1.00 for 2016 Q3 and includes impact of existing hedging contracts.  Full Article

STMicroelectronics proposes FY cash dividend of $0.24 per share
Friday, 1 Apr 2016 05:24pm EDT 

STMicroelectronics NV:To propose a FY cash dividend of $0.24 per share.Dividend to be distributed in quarterly installments of $0.06 in each of the second, third and fourth quarters of 2016 and first quarter of 2017.  Full Article

STMicroelectronics to pay dividend of $0.1 per share
Thursday, 17 Mar 2016 08:00pm EDT 

STMicroelectronics NV:STMicroelectronics to proceed to cash dividend distribution on the ordinary shares of $ 0.1.Dividend Ex Date: March 21.Payment Date: March 23.  Full Article

STMicroelectronics ‍and Arccore team up for automotive embedded-processing development​
Thursday, 18 Feb 2016 09:20am EST 

STMicroelectronics NV:STMicroelectronics and Arccore team up for automotive embedded-processing development.  Full Article

STMicroelectronics comments on Q1 2016 guidance, announces reorganization plans
Wednesday, 27 Jan 2016 01:00am EST 

STMicroelectronics NV:Announces a global workforce review​​.‍Redeployment of about 600 employees, currently associated with set-top-box business​.A global workforce re-alignment that may affect approximately 1,400 employees worldwide​.‍Annualized savings are estimated at $170 million upon completion and restructuring costs at about $170 million.‍Expects in Q1, revenues to decrease sequentially by about 3 pct at mid-point, and gross margin to be about 33.0 pct at mid-point.‍Expects Q1 2016 revenues to decrease about 3 pct on a sequential basis, plus or minus 3.5 percentage points.‍Gross margin in Q1 is expected to be about 33.0 pct plus or minus 2.0 percentage points.  Full Article

STMicroelectronics ‍systems-on-chips chosen for Sky Q set-top boxes
Thursday, 7 Jan 2016 10:00am EST 

STMicroelectronics NV:Says its Cannes/Monaco family of systems-on-chips (SOCS) has been chosen for the newly announced Sky Q set-top boxes.Sky Q will be available in early 2016.  Full Article

STMicroelectronics and Semtech Corp announce agreement
Monday, 14 Dec 2015 12:00am EST 

STMicroelectronics NV:Semtech Corporation and STMicroelectronics announce agreement on Semtech's Lora long-range wireless RF technology.Intends to use technology to target internet of things deployments by mobile network operators and large-scale private networks.  Full Article

STMicroelectronics microcontrollers and power semiconductors selected by Toyota
Thursday, 10 Dec 2015 07:00am EST 

STMicroelectronics NV:Microcontrollers and power semiconductors from STMicroelectronics selected by Toyota Industries Corp for voltage converter in Toyota's new Prius.  Full Article