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Recent #ST news in the semiconductor industry

electronicsweekly
about 2 months ago

ST agrees to abandon plans for lay-offs at Agrate

➀ ST reaches agreement to avoid layoffs at its Agrate site in Italy, abandoning initial plans for 1,200 redundancies in the country;

➁ The decision follows negotiations with Italian unions and government, with no structural changes planned at other Italian sites;

➂ ST attributes challenges to slow EV market adoption impacting its SiC business but eyes Agrate expansion by 2027 amid improved market conditions.

STautomotivesemiconductor
electronicsweekly
10 months ago

China-For-China supply chain growing

➀ The formation of the 'China for China' supply chain is accelerating, with the Chinese government aiming for domestic car manufacturers to source 25% of their ICs locally by 2025. ➁ ST has partnered with HHGrace to develop 40nm industrial/automotive-grade MCUs, with mass production expected later this year. ➂ Renesas, NXP, and Infineon are in discussions with Chinese foundries for local sourcing.
ChinaICInfineonNXPRenesasSMICSTSupply Chainautomotivefoundrysemiconductor
electronicsweekly
12 months ago

ST reins back financial targets

➀ ST has revised its long-term financial targets, pushing the $20 billion revenue target from 2027 to 2030 due to weaknesses in the automotive and industrial markets. ➁ For 2027-28, the revenue target is now around $18 billion with an operating margin of 22-24%. ➂ CEO Jean-Marc Chery expects capex to decline over the next three years but emphasizes ST's position as the largest SiC chip seller and its AI revenue potential.
AICapexChinaMarket ShareSTautomotive
electronicsweekly
12 months ago

Electronica Forum: CEOs warn of the cost of fragmented supply chains

➀ The CEOs of Europe's top three chip companies discussed the challenges of doing business in China under US restrictions at the Electronica Forum. Jean-Marc Cheri, CEO of ST, highlighted the importance of China as a 30% revenue contributor and the need for stability in the supply chain. Kurt Sievers, CEO of NXP, emphasized that no country's chip industry could be independent or dominant, and warned about the potential increase in costs due to supply chain fragmentation. Jochen Hanebeck, CEO of Infineon, cautioned about the fragmentation on the supply side and the potential impact of tariffs.
ChinaInfineonNXPSTSupply Chainsemiconductor