The company, which currently employs 50,000 people worldwide, said it is in contact with stakeholders and authorities regarding the cost-cutting measures.
Sen. Elizabeth Warren requests answers from Apple Inc. CEO Tim Cook over alleged influence-peddling between Apple and Trump administration in trade negotiations with China. Tech companies release mixed earnings results.
STMicroelectronics reported a 27.3% decrease in net revenues for the first quarter of 2025, beating analyst estimates. CEO focused on innovation and cost management amid uncertain environment. Q2 revenue expected to increase by 7.7%.
STMicroelectronics plans to reshape its global manufacturing footprint, prioritizing investments in future-ready infrastructure, digital technologies, and complementary ecosystems.
STMicroelectronics and Innoscience have joined forces to enhance GaN technology for AI data centers, EVs, and renewable energy. GaN power devices offer higher efficiency and a compact design, revolutionizing next-gen electronics.
The company’s partnership aims to leverage the advantages that GaN offers – high power density, efficiency, and reliability – to cater to the growing demand for data centers, thanks to artificial intelligence.
Trimble Inc. (NASDAQ: TRMB) and STMicroelectronics NV (NYSE: STM) have partnered to deliver advanced positioning solutions for automotive and IoT industries. The collaboration integrates Trimble's ProPoint Go engine with STMicroelectronics' Teseo VI GNSS chipsets, offering centimeter-level accuracy for applications such as automotive navigation, ADAS, and UAVs.
Bloomberg, citing unnamed sources, said Italian officials believe Jean-Marc Chery has failed to navigate the company through mounting industry challenges.
Top performing large-cap stocks in the last week: Unity, Super Micro Computer, Alibaba, FTAI Aviation, STMicroelectronics, XPeng, Analog Devices, BeiGene, Tencent Music, Microchip Technology.
Shares of STMicroelectronics are rising as the company prepares to launch next-gen technologies for improving optical connections in data centers and AI clusters.
