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Jean - 4 Marc Chery - 4 Olivier Sorgho - 2 Sarah Meyssonnier - 1 STMicro - 1 Clarence Fernandez - 1 Sonali Paul - 1 Didier Scemama - 1
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Search resuls for: "Marc Chery"


7 mentions found


☆ STMicro beats third quarter sales forecasts
  + stars: | 2023-10-26 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsOct 26 (Reuters) - European chipmaker STMicroelectronics (STMPA.PA) beat expectations on Thursday for third quarter sales, helped by demand from the automotive sector. However, the company, whose clients include Tesla (TSLA.O) and Apple (AAPL.O), said it expects a drop in sales in the fourth quarter. Third quarter net revenues rose 2.5% year on year to $4.43 billion, beating the average of $4.38 billion expected by analysts in an Refinitiv poll. STMicro said it expects fourth quarter sales to fall about 3% year on year to $4.30 billion. STMicro on Thursday added it projects a gross margin of 46% in the fourth quarter, give or take 200 basis points.
Persons: Sarah Meyssonnier, Jean, Marc Chery, STMicro, Olivier Sorgho, Clarence Fernandez, Sonali Paul Organizations: REUTERS, Apple, Automotive, Electronics, Thomson Locations: Montrouge, Paris, France, U.S, China
☆ Bank of America names 2 European chip stocks as its 'top picks' into year-end
  + stars: | 2023-09-18 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
Bank of America named European chip stocks ASM International and STMicro as its "top picks" going into the end of the year. The Wall Street bank said it continues to favor ASMI with a 521 euro ($559) price target, which represents 25% upside potential from the current share price. Bank of America's $72 price target for STM points to a 62% upside potential over the next 12 months. STM ASMXF YTD line Bank of America analysts cited "resilient pricing and secular growth drivers in silicon carbide (SiC)" as reasons the stock should benefit into year-end. Bank of America cautioned that mixed signals on smartphone demand are an issue for the semiconductor sector more broadly.
Persons: Didier Scemama, Jean, Marc Chery Organizations: of America, ASM International, " Bank, America's, Bank of America, carmakers Locations: United States, Paris
☆ STMicroelectronics posts higher Q2 sales helped by automotive demand
  + stars: | 2023-07-27 | by ( ) www.reuters.com   time to read: +1 min
July 27 (Reuters) - European chipmaker STMicroelectronics <STMPA.PA> on Thursday projected improvement in third-quarter sales as it slightly beat market expectations for the second quarter, defying earlier downbeat statements by some of its peers. STM said it expects third-quarter net revenues of $4.38 billion, a touch above the $4.32 billion it posted in the third quarter last year. STM's second-quarter sales rose 12.7% year-over-year to $4.33 billion, slightly above a consensus from Refinitiv data, which had expected $4.27 billion. It now expects revenues in 2023 of $17.4 billion, give or take $150 million. In April, it guided for a range of 17.0 billion to $17.8 billion.
Persons: Chipmakers, Taiwan's TSMC, Jean, Marc Chery, Olivier Sorgho, Jacqueline Wong, Kim Coghill Organizations: Texas, NXP Semiconductors, Industrial, Electronics, Thomson
☆ STMicroelectronics and Sanan plan silicon carbide venture in China
  + stars: | 2023-06-07 | by ( ) www.reuters.com   time to read: +1 min
PARIS, June 7 (Reuters) - Semiconductor supplier STMicroelectronics (STMPA.PA) and Sanan Optoelectronics (600703.SS) plan to set up a silicon carbide manufacturing joint venture in Chongqing, China, they said on Wednesday. The companies said the cost of the venture was expected to be about $3.2 billion, including capital expenditure of about $2.4 billion over the next five years. The venture will produce silicon carbide devices exclusively for STMicroelectronics which are used in electric cars and other industrial power and energy applications. "China is moving fast towards electrification in automotive and industrial and this is a market where ST is already well-established with many engaged customer programs. Reporting by Sudip Kar-Gupta; editing by David Goodman and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
Persons: Sanan, Jean, Marc Chery, Sudip Kar, David Goodman, Jason Neely Organizations: Semiconductor, Thomson Locations: Chongqing, China
☆ STMicro CEO: Don't see any price cuts on semiconductors
  + stars: | 2023-04-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSTMicro CEO: Don't see any price cuts on semiconductorsJean-Marc Chery, CEO of STMicroelectronics, weighs in on consumer demand, the robustness of the automotive sector, and price pressures as his firm's first-quarter revenue tops estimates.
☆ STMicroelectronics posts better-than-expected Q1 results
  + stars: | 2023-04-27 | by ( Martin Coulter | ) www.reuters.com   time to read: 1 min
LONDON, April 27 (Reuters) - European chipmaker STMicroelectronics (STM.DE) reported better-than-expected first-quarter results on Thursday. The company's revenue jumped 20% year-over-year to $4.25 billion in the quarter, outperforming analysts' average estimate of $4.19 billion, according to IBES data from Refinitiv Eikon. Citing a favorable business environment, CEO Jean-Marc Chery said the company was aiming for full-year revenue of $17 billion to $17.8 billion, keeping it on course for its target of $20 billion by 2027. STMicroelectronics's first-quarter earnings of $1.10 per share, also beat analysts' average forecast of $0.99 per share, IBES data showed. Net income rose about 40% year-over-year to $1.04 billion in the quarter.
☆ STMicroelectronics posts fourth-quarter sales rise
  + stars: | 2023-01-26 | by ( Martin Coulter | ) www.reuters.com   time to read: +1 min
LONDON, Jan 26 (Reuters) - European chipmaker STMicroelectronics on Thursday beat fourth-quarter sales expectations, despite challenging economic conditions, benefiting from strong customer demand. Net revenue rose to $4.42 billon from $4.32 billion the previous quarter. Analysts had on average expected sales of $4.32 billion, IBES data from Refinitiv Eikon showed. Citing strong demand and increased manufacturing capacity, Chery said the company expects full-year revenue of $16.8 billion to $17.8 billion. The company has previously targeted full-year revenue of $20 billion by 2027.
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