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STMicroelectronics Updates on Share Repurchase Program
TrendForce: Strategy and cost considerations drive a more positive attitude towards cooperation between European, Japanese IDM and Chinese wafer fabs.
Due to China encouraging domestic car manufacturers to increase the proportion of domestically produced chips to 25% by 2025, and also supporting foreign companies for local production, the strategy of China for China and cost considerations have driven a more positive attitude towards cooperation between European, Japanese IDM and Chinese wafer factories.
NXP Semiconductors (NXPI.US) is preparing for the recovery of demand for automotive chips? It will acquire TTTech Auto for $0.625 billion.
Auto chip manufacturer NXP Semiconductors will acquire TTTech Auto from Austria for 0.625 billion dollars.
STMicroelectronics NV (0INB): New Buy Recommendation for This Technology Giant
STMicroelectronics Announces Timing for Fourth Quarter and Full Year 2024 Earnings Release and Conference Call
U.S. stock market closing: the three major Indexes had mixed results, with the Technology conference CES boosting chip stocks higher.
① Nasdaq China Golden Dragon Index closed down 1.16%, most China Concept Stocks fell, Tencent ADR dropped nearly 8%; ② MicroStrategy has purchased Bitcoin for nine consecutive weeks; ③ Trump denies plans to reduce the applicability of tariffs; ④ Qualcomm announces the launch of the new AI chip Snapdragon X.
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