China's No 2 foundry to make legacy chips for Europe's STM, serving mainland market [Yahoo! Finance]
STMicroelectronics N.V. (STM)
Last stmicroelectronics n.v. earnings: 4/22 01:00 am
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Source: Yahoo! Finance
This move is part of STM's strategy to manage supply chain risks and stay relevant in the world's largest auto market. The partnership will allow STM to respond quickly to the needs of the Chinese market and capitalize on opportunities in areas like electric vehicles. The deal highlights China's growing importance in the legacy chip sector and its progress in chipmaking, despite US export restrictions. European chip giant STMicroelectronics (STM) said it will outsource the fabrication of legacy semiconductors to China's second-largest foundry, in a deal that strengthens China's role in the legacy chip sector. STM chief executive Jean-Marc Chery said at the company's annual investor day in Paris on Wednesday that the firm will use Hua Hong Semiconductor to make 40-nanometre industrial microcontrollers (MCUs) for the mainland Chinese market starting next year, as part of a strategy to manage the risks of supply chain disruptions. "We acknowledge that the market we serve is becomin
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STM
News
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- Nvidia earnings on deck, Target sinks on Q3 miss: Morning Brief [Yahoo! Finance Canada]Yahoo! Finance Canada
STM
Earnings
- 10/31/24 - Beat
STM
Sec Filings
- 11/20/24 - Form 6-K
- 11/18/24 - Form 6-K
- 11/12/24 - Form 6-K
- STM's page on the SEC website