STMicroelectronics

STMicroelectronics CEO Receives Support Amidst Italy's Withdrawal of Backing

4 days ago

In a significant turn of events, STMicroelectronics’ supervisory board has extended its full support to CEO Jean-Marc Chery despite recent political shifts in Italy that saw the government withdraw its backing for the semiconductor giant. This pivotal decision comes in the wake of increasing scrutiny on the company amid Italy’s changing industrial strategy.

Italy’s Strategic Veto: A Move to Influence STMicroelectronics' Board Appointments

30 days ago

In a significant development poised to impact the technology and semiconductor sectors, Italy is preparing to exercise its veto powers regarding board appointments at STMicroelectronics. This action comes as part of the Italian government’s broader strategy to safeguard national interests in strategic industries, indicating an increasing awareness of the global competitiveness in technology.

Italy's STMicroelectronics Faces Leadership Shake-Up Amid Performance Concerns

2 months ago

In a significant development for the semiconductor industry, Italy is reportedly pushing for the removal of Jean-Marc Chery, the CEO of STMicroelectronics. This move comes as the company grapples with challenges related to its performance metrics and strategic direction. Stakeholders have expressed their dissatisfaction over the company's latest financial results, which have not met expectations.

STMicroelectronics Considers Workforce Reductions Amid Ongoing Chip Market Decline

2 months ago

In a significant announcement, STMicroelectronics has indicated plans to potentially reduce its workforce by up to 6% as the ongoing slump in the semiconductor market continues to challenge the company’s operations. This decision reflects a broader trend impacting the global chip industry, which has been grappling with declining demand and inventory surpluses.

STMicroelectronics Faces Revenue Setback Amid Ongoing Industrial Chip Decline

3 months ago

STMicroelectronics, a prominent semiconductor manufacturer, has recently reported a disappointing revenue outlook, raising concerns among investors and industry analysts. The company attributes this shortfall to a sustained slump in demand for industrial chips, a sector that has seen better days but is currently struggling to regain momentum.