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STMicroelectronics NV (STM.PA)

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Latest Key Developments (Source: Significant Developments)

ST CFO expects to hit 10 percent oper margin target in H2
Thursday, 11 May 2017 04:54am EDT 

May 11 (Reuters) - STMicroelectronics :STMicroelectronics CFO says expects to meet or exceed long-promised 10 percent operating margin target in second half of 2017.  Full Article

STMicroelectronics Q1 results beat Reuters poll
Thursday, 27 Apr 2017 01:15am EDT 

April 27 (Reuters) - STMicroelectronics NV ::Reports 2017 first quarter financial results.Q1 net revenues totaled $1.82 billion, gross margin was 37.6%, and net income was $108 million, or $0.12 per share.Cash dividend of $0.24 per common share payable in equal quarterly installments to be proposed to 2017 annual general meeting of shareholders.Q1 net revenues of $1.82 billion, up 12.9% year-over-year on growth across all product groups (Reuters poll: $1.82 billion).Q1 operating profit (US GAAP) $129 million versus $118 million in Reuters poll.Q1 gross margin (us gaap) 37.6 percent versus 33.4 percent year ago.Q1 net profit group share (US GAAP) $108 million versus $94.3 million in Reuters poll.Q1 free cash flow (non us gaap) $62 million versus $31 million year ago.Expects Q2 2017 revenues to increase about 5.0 pct on a sequential basis, plus or minus 3.5 percentage points.Gross margin in Q2 is expected to be about 38.1 pct plus or minus 2.0 percentage points.Entering Q2, we continue to see healthy demand, with strong booking trends across all our product groups and regions - CEO."Entering Q2, we continue to see healthy demand, with strong booking trends across all our product groups and regions"."Results in this first quarter are putting us on the right trajectory" for 2017 objectives - CEO.  Full Article

Jean-Marc Chery appointed STMicroelectronics deputy CEO
Thursday, 27 Apr 2017 01:10am EDT 

April 27 (Reuters) - STMicroelectronics NV ::STMicroelectronics appoints Jean-Marc Chery as deputy CEO and names new executive team.Appointments and new organization are effective July 1, 2017.  Full Article

STMicroelectronics reports main resolutions to be proposed at 2017 annual general meeting of shareholders
Thursday, 27 Apr 2017 01:01am EDT 

April 27 (Reuters) - STMicroelectronics : :Reg-STMicroelectronics reports on main resolutions to be proposed at the 2017 annual general meeting of shareholders.Proposes distribution of a cash dividend of US$0.24 per outstanding share of the company’s common stock, to be distributed in quarterly installments of US$0.06.Board proposes reappointment of Mr. Carlo Bozotti as sole member of managing board for a one-year term.  Full Article

STMicroelectronics says Nintendo chooses its semiconductors for Nintendo Switch
Monday, 13 Mar 2017 11:16am EDT 

STMicroelectronics NV :Says Nintendo <7974.T> has chosen co's semiconductors for its latest game console, Nintendo Switch.  Full Article

STMicroelectronics Q4 operating income rises to $129 million
Thursday, 26 Jan 2017 01:00am EST 

Stmicroelectronics : Reports 2016 fourth quarter and full year financial results . Q4 net revenues up 3.5 pct sequentially and 11.5 pct year-over-year . Q4 gross margin of 37.5 pct, above our guidance . Q4 net revenues totaled $1.86 billion, gross margin was 37.5 pct, and net earnings were $112 million or $0.13 per share. . In Q4 we continued to see sustained demand . Sees momentum of second half of 2016 to continue entering 2017 . Q4 operating income (US GAAP) $129 million versus $25 million year ago . Expect our Q1 to reflect better than normal seasonality, with a sequential net revenues decline of about 2.4 pct at midpoint . Q4 net profit attributable to parent company (US GAAP) $112 million versus $2 million year ago . Expect a gross margin of about 37.0 pct at midpoint in Q1 . See momentum of second half of 2016 to continue entering 2017. . Expects Q1 2017 revenues to decrease about 2.4 pct on a sequential basis, plus or minus 3.5 percentage points . Gross margin in Q1 is expected to be about 37.0 pct plus or minus 2.0 percentage points. . Expect our q1 to reflect better than normal seasonality . Expect to invest approximately $1 billion to $1.1 billion in 2017 . Investing in 300mm front-end manufacturing and in back-end assembly and test to support new products . Anticipates a newly won program to ramp with substantial revenues in second half of 2017.  Full Article

STMicroelectronics and CWS partner to enhance RF SOI designs for communication chips
Wednesday, 11 Jan 2017 12:00pm EST 

STMicroelectronics NV : And CWS partner to close the gap between simulation and silicon measurements, further enhancing RF SOI designs for next generation communication chips .Incorporates CWS’ SiPEX IN RF PDK H9 SOI FEM.  Full Article

Stmicroelectronics launches a high-precision biometric kit
Tuesday, 20 Dec 2016 10:36am EST 

Stmicroelectronics : Stmicroelectronics and Valencell are collaborating on the development of a high-precision biometric detection platform for wearables and the Internet of Things .This kit consists of a sensortile compact multi-sensor module and a biometric detection kit of Valencell.  Full Article

STM growing in line with projections, with H2 acceleration - CEO
Friday, 18 Nov 2016 03:51am EST 

STMicroelectronics CEO Carlo Bozotti told the Morgan Stanley Technology, Media & Telecom Conference in Barcelona: CEO says reaffirms that company is focused on organic growth rather than m&a . CEO says investing in automotive is top priotrity for our company . CEO says all the company’s product groups are now contributing to year-over-year growth . CEO says "i believe we have all the elements to make a difference next year" in terms of stm results . CEO says "this year we are going to grow as reported in 2016 over 2015" with acceleration in h2 . CEO says growth was largely tied to market conditions in q2 and q3 rather than company's own efforts . CEO says u.s. Business climate is strong; china is good and europe is also good Further company coverage: [STM.PA] (Frankfurt Newsroom) ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

Stmicroelectronics Q3 operating profit stable at $90 mln
Thursday, 27 Oct 2016 01:01am EDT 

STMicroelectronics NV : Q3 net revenues of $1.80 billion, up 5.5 pct sequentially and 1.9 pct year-over-year . Q3 gross margin of 35.8 pct, up 190 basis points sequentially; up 100 basis points year-over-year . Q3 operating profit $90 million versus $91 million year ago . Q3 net profit attributable to parent company $71 million versus $90 million year ago . In q4, we anticipate at midpoint a sequential increase in net revenues of about 3.2 pct and a gross margin of about 37.0 pct . Expects for 2016 to improve profitability and continue to generate solid free cash flow . Expects Q4 2016 revenues to increase about 3.2 pct on a sequential basis, plus or minus 3.5 percentage points .Gross margin in Q4 is expected to be about 37.0 pct plus or minus 2.0 percentage points.  Full Article

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BRIEF-STMicroelectronics and CWS partner to enhance RF SOI designs for communication chips

* And CWS partner to close the gap between simulation and silicon measurements, further enhancing RF SOI designs for next generation communication chips