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STMicroelectronics NV (STM)

  • Wed, May 27, 3:00 PM
  • Mon, Mar. 2, 1:41 PM
  • May 28, 2013, 2:36 PM
    Intel (INTC) is the buyer of ST-Ericsson's (STM, ERIC) GPS chip business, an Intel spokesman confirms - ST-Ericsson had announced the sale of the business without disclosing its acquirer or the price paid. The purchase should strengthen Intel's GPS receiver offerings for mobile devices, and might allow it to add GPS functionality to its notebook Wi-Fi chipsets.
  • May 28, 2013, 9:17 AM
    ST-Ericsson (STM, ERIC) manages to sell its mobile connectivity/GPS chip business/IP to an unnamed "leading semiconductor company" for an undisclosed price. That allows the JV, whose baseband processor ops have posted huge losses, to save a bit of face as it winds down following a failure to secure a buyer for the entire unit. STM +2.6% and ERIC +4.3% as European equities rally.
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  • Jan. 18, 2013, 2:50 PM
    STMicroelectronics (STM -1.5%) and Ericsson (ERIC +2.5%) head in opposite directions after the WSJ reports JPMorgan has been hired to explore options for the baseband chip JV - a French paper reported the same in October. STM has already said it wants to exit the 50/50 JV, which is struggling to compete with Qualcomm, MediaTek, and others, by the end of Q3. Ericsson recently said it will take a $1.22B charge on ST-Ericsson for Q4, while adding it doesn't intend to buy STM's stake.
  • Nov. 26, 2012, 7:56 AM
    A fund backed by the Japanese government is set to pay $2.2B to buy 2/3 of chipmaker Renesas (RNECY.PK) from current owners Mitsubishi, NEC, and Hitachi, a source tells the Nikkei. Renesas, which rose 16.6% in Tokyo on the report, would reportedly shutter factories and cut as many as 5K jobs as part of the deal. Renesas is the top player in the microcontroller market, where it competes with Microchip, Freescale, STMicroelectronics, and others.
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  • Oct. 12, 2012, 10:24 AM
    That didn't take long. STMicroelectronics (STM +9%) has issued a terse statement in which it "denies the existence of initiatives which can compromise the unity of the Company." That's in response to a Bloomberg report claiming the chipmaker is thinking of splitting up its analog and digital IC ops. But shares remain up strongly.
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  • Oct. 12, 2012, 9:39 AM
    STMicroelectronics (STM +8.2%) is thinking of breaking itself up, sources tell Bloomberg. The company's analog chip business could be split up from its digital chip business, which is heavily exposed to the soft TV and set-top box markets, and mobile baseband chip JV ST-Ericsson, reported this week to be exploring "strategic options," might be sold. Samsung, which has been increasing its mobile chip exposure, is named as a potential buyer for struggling ST-Ericsson.
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  • Feb. 27, 2012, 1:23 PM
    Entropic Communications (ENTR -0.2%), a maker of chips for cable and satellite gear, is acquiring the set-top box system-on-chip (SoC) assets of bankrupt Trident Microsystems for $65M. The move could bolster Entropic's ability to compete with set-top box SoC market leaders Broadcom (BRCM) and STMicroelectronics (STM).
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  • Jul. 18, 2011, 9:02 AM
    Maxim Integrated (MXIM) is acquiring SensorDynamics, a developer of MEMS sensor chips. The acquisition should help Maxim compete against MEMS market leaders such as Texas Instruments (TXN), HP (HPQ), and STMicroelectronics (STM). Last year, Yole Development estimated the MEMS market will grow from over $7B in 2010 to $16B in 2014.
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Company Description
STMicroelectronics NV designs, develops, manufactures and markets semiconductor products used in different microelectronic applications, including automotive products, computer peripherals, telecommunications systems, consumer products, & control systems.
Sector: Technology
Country: Italy