Feb 6 (Reuters) - STMicroelectronics NV ::REG-STMICROELECTRONICS TO ACQUIRE MAJORITY STAKE IN SILICON CARBIDE WAFER MANUFACTURER NORSTEL AB.STMICROELECTRONICS - WILL ACQUIRE 55% OF NORSTEL'S SHARE CAPITAL.STMICROELECTRONICS - HAS OPTION TO ACQUIRE REMAINING 45% SUBJECT TO CERTAIN CONDITIONS, WHICH, IF EXERCISED, WILL RESULT IN TOTAL CONSIDERATION OF $137.5 MILLION.
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Jan 24 (Reuters) - STMicroelectronics NV ::STMICRO CEO JEAN-MARC CHERY SEES SIGNIFICANT GROWTH IN 2019 FOR AUTOMOTIVE AND POWER DISCRETE CHIPS.STMICRO CEO CHERY SAYS INVENTORIES CORRECTION SHOULD END IN Q2.
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Jan 24 (Reuters) - STMicroelectronics NV ::STMICROELECTRONICS SEES RETURN TO SEQUENTIAL REVENUE GROWTH Q2, WITH AN ACCELERATION IN H2 - PRESENTATION.SHARES UP MORE THAN 5 PERCENT IN EARLY PARIS TRADING.
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Jan 24 (Reuters) - STMICROELECTRONICS NV ::REG-STMICROELECTRONICS REPORTS Q4 AND FY 2018 FINANCIAL RESULTS.Q4: NET REVENUES $2.65 BILLION; OPERATING MARGIN 16.8%; NET INCOME $418 MILLION.FY: NET REVENUES UP 15.8% TO $9.66 BILLION, OPERATING INCOME UP 39.3% TO $1.40 BILLION, NET INCOME UP 60.4% TO $1.29 BILLION.Q4 NET INCOME ATTRIBUTABLE TO PARENT (US GAAP) $418 MILLION VERSUS $364 MILLION IN REUTERS POLL.Q1 2019 BUSINESS OUTLOOK AT MID-POINT: NET REVENUES OF ABOUT $2.1 BILLION AND GROSS MARGIN OF ABOUT 39.0%.Q1 2019 NET REVENUES ARE EXPECTED TO DECREASE ABOUT 20.7% SEQUENTIALLY (DOWN 5.7% YEAR-OVER-YEAR), PLUS OR MINUS 350 BASIS POINTS; GROSS MARGIN OF ABOUT 39.0%, PLUS OR MINUS 200 BASIS POINTS.NET REVENUES IN 2018 INCREASED BY 15.8% YEAR-OVER-YEAR LED BY IMAGING, AUTOMOTIVE AND POWER DISCRETE.Q4 OPERATING INCOME (US GAAP) $ 443 MILLION VERSUS $413 MILLION IN REUTERS POLL.Q1 2019 GROSS MARGIN EXPECTED OF ABOUT 39.0%, PLUS OR MINUS 200 BASIS POINTS.OUTLOOK IS BASED ON ASSUMED EFFECTIVE CURRENCY EXCHANGE RATE OF ABOUT $1.16 = €1.00 FOR THE Q1 AND INCLUDES IMPACT OF EXISTING HEDGING CONTRACTS.NET FINANCIAL POSITION (NON-U.S. GAAP) WAS $686 MILLION AT DECEMBER 31.SAYS WHILE WE DO NOT HAVE MATERIAL OPERATIONS IN THE U.K. AND HAVE NOT EXPERIENCED ANY MATERIAL IMPACT FROM BREXIT ON OUR UNDERLYING BUSINESS TO DATE, WE CANNOT PREDICT ITS FUTURE IMPLICATIONS.IN 2019 WE EXPECT TO INVEST BETWEEN $1.2 TO $1.3 BILLION IN CAPEX - CEO.
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Jan 7 (Reuters) - Cree Inc: :CREE AND STMICROELECTRONICS ANNOUNCE MULTI-YEAR SILICON CARBIDE WAFER SUPPLY AGREEMENT.CREE INC - AGREEMENT GOVERNS SUPPLY OF CO'S 150MM SILICON CARBIDE BARE AND EPITAXIAL WAFERS TO STMICROELECTRONICS.
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Jan 7 (Reuters) - Cree Inc ::CREE SAYS CO AND STMICROELECTRONICS ANNOUNCE MULTI-YEAR SILICON CARBIDE WAFER SUPPLY AGREEMENT.CREE- AGREEMENT GOVERNS SUPPLY OF A QUARTER BILLION DOLLARS OF CREE'S ADVANCED 150MM SILICON CARBIDE BARE AND EPITAXIAL WAFERS TO STMICROELECTRONICS.
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Cree Inc ::CREE AND STMICROELECTRONICS ANNOUNCE MULTI-YEAR SILICON CARBIDE WAFER SUPPLY AGREEMENT.AND STMICROELECTRONICS ANNOUNCE MULTI-YEAR SILICON CARBIDE WAFER SUPPLY AGREEMENT.
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Oct 24 (Reuters) - STMICROELECTRONICS NV ::REG-STMICROELECTRONICS REPORTS Q3 2018 FINANCIAL RESULTS.Q3 NET REVENUES $2.52 BILLION (UP 18.1% Y/Y).Q3 OPERATING MARGIN 15.8% (UP 270 BPS Y/Y), NET INCOME $369 MILLION (UP 56.7% Y/Y).BUSINESS OUTLOOK AT MID-POINT: Q4 NET REVENUES UP ABOUT 5.7% Q/Q, FY18 NET REVENUES UP ABOUT 16.0% Y/Y; Q4 GROSS MARGIN ABOUT 39.8%.IN Q4 NET REVENUES ARE EXPECTED TO INCREASE ABOUT 5.7% SEQUENTIALLY, PLUS OR MINUS 350 BASIS POINTS.OUTLOOK : Q4 GROSS MARGIN ABOUT 39.8%.ANTICIPATES 2018 REVENUES TO GROW ABOUT 16% YEAR-OVER-YEAR, IN LINE WITH OUR EXPECTATIONS.ANTICIPATES IMPROVEMENTS IN OPERATING MARGIN AND NET EARNINGS FOR 2018.
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Sept 24 (Reuters) - STMICROELECTRONICS NV ::STMICROELECTRONICS AND LETI DEVELOP GAN-ON-SILICON TECHNOLOGY FOR POWER CONVERSION APPLICATIONS.COOPERATION TO DEVELOP AND INDUSTRIALIZE ADVANCED POWER GAN-ON-SI DIODE AND TRANSISTOR ARCHITECTURES.
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July 25 (Reuters) - Stmicroelectronics Nv ::REG-STMICROELECTRONICS REPORTS Q2 2018 FINANCIAL RESULTS.Q2 NET REVENUES $2.27 BILLION (UP 18.0% Y/Y), OPERATING MARGIN 12.7%, NET INCOME $261 MILLION.Q2 Y/Y REVENUE PERFORMANCE BALANCED ACROSS PRODUCT GROUPS, REGIONS AND END MARKETS.EXPECTS Q3 2018 REVENUES TO INCREASE ABOUT 10.0% Q/Q (16.8% Y/Y) AT MID-POINT OF COMPANY'S GUIDANCE.Q2 NET REVENUES AND GROSS MARGIN WERE ABOVE MID-POINT OF COMPANY'S OUTLOOK.COMPANY'S GUIDANCE FOR 2018 Q3 IS: * NET REVENUE IS EXPECTED TO INCREASE ABOUT 10.0% SEQUENTIALLY, PLUS OR MINUS 350 BASIS POINT.Q2 NET REVENUES OF $2.27 BILLION, GROSS MARGIN OF 40.2%, OPERATING MARGIN OF 12.7%.SEES FOR Q3 GROSS MARGIN OF ABOUT 40.0%, PLUS OR MINUS 200 BASIS POINTS.Q2 NET INCOME OF $261 MILLION OR $0.29 DILUTED EARNINGS PER SHARE."ST HAD ANOTHER QUARTER OF DOUBLE-DIGIT, YEAR-OVER-YEAR REVENUE GROWTH, WITH IMPROVED PERFORMANCE ACROSS KEY FINANCIAL METRICS" - CEO."WE ARE ON TRACK WITH THE GOAL SET AT OUR CAPITAL MARKETS DAY TO GROW YEAR-OVER-YEAR 2018 REVENUES BETWEEN ABOUT 14% TO 17%" - CEO.""ST'S THIRD QUARTER OUTLOOK IS FOR REVENUES TO GROW SEQUENTIALLY ABOUT 10.0%, REFLECTING YEAR-OVER-YEAR GROWTH OF 16.8%, AND GROSS MARGIN TO BE ABOUT 40.0%" - CEO.FOR Q3 NET REVENUE IS EXPECTED TO INCREASE ABOUT 10.0% SEQUENTIALLY, PLUS OR MINUS 350 BASIS POINTS;.
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