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Search resuls for: "STMicro"


4 mentions found


☆ STMicro leans on AI, cloud as chip designs become more complex
  + stars: | 2023-02-07 | by ( Stephen Nellis | ) www.reuters.com   time to read: +2 min
Feb 7 (Reuters) - European chipmaker STMicroelectronics (STM.BN) and chip design software maker Synopsys (SNPS.O) on Tuesday said STMicro had for the first time used artificial intelligence software running on Microsoft Corp's (MSFT.O) cloud to design a working chip. The achievement would help solve the growing problem of getting increasingly complex designs ready for customers in an acceptable time, STMicro said. The company is one of a several that are using AI to help design chips, which involves translating a complicated circuit architecture into a blueprint for fabricating billions of transistors on a small piece of silicon. Shankar Krishnamoorthy, general manager of the design automation group at Synopsys, said that company's AI engine got better results faster when it had more computing power behind it. Cloud providers like Microsoft offer the option to rent a huge burst of computing power in a short time.
☆ 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.
☆ STMicro, Soitec deepen cooperation over fast-growing semiconductor material
  + stars: | 2022-12-01 | by ( Mathieu Rosemain | ) www.reuters.com   time to read: +2 min
PARIS, Dec 1 (Reuters) - French semiconductor materials supplier Soitec (SOIT.PA) and chipmaker STMicroelectronics said on Thursday they were deepening their cooperation over the manufacturing of a key and fast-growing material used in the electric car industry. The material, silicon carbide (SiC), is used to make a growing number of chips that improve the power management of electric vehicles. Under the enhanced cooperation, STMicro, whose biggest clients include EV maker Tesla Inc (TSLA.O), agreed to use Soitec's SiC substrate technology, in the form of a bigger, 200 millimetre wafer which is upcoming, the two companies said in a statement. While not exclusive, the Soitec-STMicro cooperation gives STMicro a time advantage in the adoption of the technology. STMicro is aiming to sell $700 million worth of SiC chips this year and is targeting $1 billion in 2023, it has said.
☆ Chipmaker STMicro sees sales growth slowdown in fourth quarter
  + stars: | 2022-10-27 | by ( Mathieu Rosemain | ) www.reuters.com   time to read: +2 min
Bigger rival Texas Instruments Inc (TXN.O) earlier this week that it expected demand across most of its end markets to decline, while South Korea's SK Hynix Inc (000660.KS) warned of an "unprecedented deterioration" in memory chip demand. STMicro said it expected fourth-quarter sales to edge up by 1.8% from the previous quarter to about $4.4 billion. Co-controlled by the Italian and French governments, STMicro said demand rose across all its products in the third quarter, beating market expectations. Net revenue in the third quarter rose to $4.32 billion, above the company's own guidance and the $4.24 billion analyst consensus compiled by Visible Alpha. Reporting by Mathieu Rosemain; Editing by Muralikumar Anantharaman, Subhranshu Sahu and Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.
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