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STMicro denies interest in Fairchild

Oct. 29, 2015 3:58 PM ETSTMicroelectronics N.V. (STM) StockSTM, ONBy: Eric Jhonsa, SA News Editor
  • On his company's Q3 earnings call, STMicroelectronics (STM -5.7%) CEO Carlo Bozotti denied the French/Italian chipmaker is interested in acquiring analog/power management IC vendor Fairchild Semi (FCS -5.7%). Bloomberg reported on Tuesday STMicro is weighing a bid for Fairchild, two weeks after having reported Infineon and ON Semi have held talks with the company.
  • Both STMicro and Fairchild are down sharply, the former due to its soft Q4 guidance. Many other chip stocks are in the same boat.

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