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.
Jefferies believes that there will be no further estimate cuts for the company headquartered in Switzerland. The brokerage notes that the growth forecast is expected to accelerate in the second half of 2025.
Management indicated that despite strong interest in Atomera’s technology, clients continue to request additional data and validation before moving forward.
Retail will be watching for updates on the semiconductor tech firm’s declining operating costs, new clients and funding strategy for the coming quarter.
Bernstein analyst Sara Russo downgraded STMicroelectronics stock to ‘Market Perform’ from ‘Outperform,’ citing visibility concerns due to a lack of formal guidance for the fiscal year 2025.
