The Latest Breaking News from STMicroelectronics

European chipmaker STMicroelectronics on Thursday beat expectations for earnings in the fourth quarter, thanks to car and factory demand.

Someone with a lot of money to spend has taken a bearish stance on STMicroelectronics (NYSE:STM). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Two major companies, one American and the other Franco-Italian have announced the creation of a semiconductor factory in southeast France. This came as French carmaker Renault said Tuesday that car sales fell in the first half of this year, impacted by the worldwide shortage of semiconductors.

Paris (AFP) - French-Italian chipmaker STMicroelectronics and US-based GlobalFoundries will plough 5.7 billion euros ($5.8 billion) into a new semiconductor factory in France, the firms and President Emmanuel Macron's office said Monday.

STMicroelectronics's (NYSE:STM) short percent of float has risen 7.69% since its last report. The company recently reported that it has 3.79 million shares sold short, which is 0.42% of all regular shares that are available for trading.

STMicroelectronics (NYSE:STM) has outperformed the market over the past 10 years by 8.6% on an annualized basis producing an average annual return of 19.04%. Currently, STMicroelectronics has a market capitalization of $29.72 billion.

GlobalFoundries Inc (NASDAQ:GFS) and STMicroelectronics N.V. (NYSE:STM) are amid discussions to build a semiconductor factory in France with the help of government funds, Bloomberg reports. The European Commission looks to produce 20% of the world’s chips by 2030.  The European Union executive arm proposed the 43 billion euro ($45.3 billion) Chips Act earlier to…

STMicroelectronics (NYSE:STM) has outperformed the market over the past 5 years by 8.78% on an annualized basis producing an average annual return of 20.19%. Currently, STMicroelectronics has a market capitalization of $37.08 billion.

  STMicroelectronics (NYSE:STM) reported its Q1 earnings results on Wednesday, April 27, 2022 at 01:00 AM. Here's what investors need to know about the announcement.

STMicroelectronics N.V. (NYSE:STM) reported first-quarter FY22 revenue growth of 17.6% year-on-year to $3.55 billion, beating the consensus of $3.49 billion.  This revenue performance, driven by solid demand for microcontrollers, was partially offset by temporarily reduced operations at its Shenzhen, China, manufacturing facility due to the pandemic.  Sales to OEMs increased by 14.4% Y/Y,…

STMicroelectronics (NYSE:STM) will host a conference call at 03:30 AM ET on April 27, 2022, to discuss Q1 2022 earnings results.