News: STMicroelectronics NV (STM)

STM on New York Consolidated

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23 May 2013
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Tue, Apr 23 2013

STMicro sees new products, better market lifting sales

SAN FRANCISCO/PARIS - European chipmaker STMicroelectronics said signs of market recovery and new products, such as motion sensor chips for video games consoles, should drive a pick up in sales in the second half of this year.

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UPDATE 2-STMicro sees new products, better market lifting sales

SAN FRANCISCO/PARIS, April 23 - European chipmaker STMicroelectronics said signs of market recovery and new products, such as motion sensor chips for video games consoles, should drive a pick up in sales in the second half of this year.

STMicroelectronics predicts H2 sales to grow significantly

PARIS, April 23 - Semiconductor maker STMicroelectronics said it would grow sales significantly in the second half of the year as the chip market recovers and it introduces new products for motion sensors and imaging.

UPDATE 1-STMicroelectronics posts loss as ST-Ericsson weighs

SAN FRANCISCO, April 22 - European chipmaker STMicroelectronics posted its sixth straight quarterly loss, hurt by costs linked to the closure of joint venture ST-Ericsson and weak European semiconductor demand.

BRIEF-Nokia says Dutch court banned HTC One from using STMicro microphones

April 22 - Nokia Oyj : * Says Dutch court granted injunction preventing HTC from using

UPDATE 3-Owners end ST-Ericsson venture, 1,600 jobs to go

* STMicro says its cost for plan slightly less than expected

STMicro, Ericsson lay out plan to close mobile chip unit

PARIS, March 18 - STMicroelectronics and Ericsson will close down their mobile chip joint venture ST-Ericsson by dividing up certain product lines and employees and shutting others.

STMicro, Ericsson find no takers for mobile chip unit-report

PARIS, March 12 - STMicroelectronics and Ericsson have failed to find a buyer for their lossmaking wireless electronic chip joint venture and will now consider whether to close the business down, news service Bloomberg said on its website.

UPDATE 1-ST-Ericsson CEO to step down as overhaul looms

STOCKHOLM/PARIS, March 11 - The chief executive of STMicroelectronics' unprofitable mobile chip-making joint venture with Sweden's Ericsson will step down at the end of the month, the companies said on Monday, ahead of a planned overhaul.

STMicro says may need $500 million to leave ST-Ericsson

SAN FRANCISCO/PARIS - STMicroelectronics could need as much as $500 million to get out of its loss-making joint venture with Ericsson , compounding the chipmaker's problems as it battles stiff competition and weak demand.

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