STMicroelectronics details company-wide program to reshape manufacturing footprint and resize global cost base [Yahoo! Finance]
STMicroelectronics N.V. (STM)
Last stmicroelectronics n.v. earnings: 4/22 01:00 am
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Source: Yahoo! Finance
Increasing efficiency, automation, and AI will strengthen ST's key technology R&D, design and high-volume assets for advanced manufacturing in Europe. Planned investments over FY2025, 2026 and 2027 to focus on advanced manufacturing infrastructure in 300mm silicon, 200mm silicon carbide, and technology R&D, for the benefit of customers globally. Company-wide program, including both the previously disclosed resizing of cost base and the reshaping of manufacturing footprint, expected to see up to 2,800 people leaving the company globally on a voluntary basis over 3 years, on top of normal attrition. Confirmation of annual cost savings target in the high triple-digit million-dollar range exiting 2027. Geneva, April 10, 2025 – STMicroelectronics N.V. (“ST”) (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, today disclosed further elements of its program to reshape its global manufacturing footprint. This comes as part of
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STM
Earnings
- 10/23/25 - Beat
STM
Sec Filings
- 12/18/25 - Form 6-K
- 12/15/25 - Form 6-K
- 12/11/25 - Form 6-K
- STM's page on the SEC website