News for STMicroelectronics NV (SGM.BE)

France stocks lower at close of trade; CAC 40 down 0.82%

France stocks higher at close of trade; CAC 40 up 0.29%

Pune, India, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Market AnalysisMarket Research Future (MRFR) projects the global Humidity Sensor Market size to reach USD ...

Pune, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Market Analysis The global SOI market is highly lucrative and predicted to witness significant growth at a healthy ...

Pune, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Market AnalysisMarket Research Future (MRFR) predicts the global sensor market size to reach USD 228.08 billion, ...

(Bloomberg) -- Renesas Electronics Corp. of Japan said it’s in talks to acquire Dialog Semiconductor Plc, the U.K. chip designer whose clients include Apple Inc.Renesas is making an all-cash offer of 67.50 euros per share, according to a statement on Monday. It said no final decision has been made and there’s no guarantee it will proceed with the acquisition. The Japanese company would pay about 4.9 billion euros ($5.9 billion) to take over its target, Bloomberg News reported on Sunday.The offer price is a 20% premium to Dialog’s Friday close of 56.12 euros. Shares of the Frankfurt-listed company have risen around 25% since the start of the year, boosted by strong demand for Apple’s 5G handsets as well as takeover speculation.Renesas shares dropped as much as 6.9% in Tokyo.Dialog had been in advanced discussions with suitors including Renesas and working with advisers, people familiar with the matter said on Sunday. The company was previously holding discussions with STMicroelectronics NV before the Franco-Italian company was outbid, the people said at the time.The volume of deals involving semiconductor companies more than doubled last year to $144 billion, according to data compiled by Bloomberg. Nvidia Corp. agreed in September to buy SoftBank Group Corp.’s chip division Arm Ltd. for $40 billion, taking control of some of the most widely used chip technology in the industry’s largest-ever deal.Any deal could draw scrutiny from U.K. regulators as countries grow more protective of strategic industries such as semiconductors. Nvidia’s deal for Arm is set to be investigated by the country’s competition watchdog. The Competition and Markets Authority has said it will apply greater scrutiny to strategic tech deals, regardless of size.The U.K. government is also planning to introduce new rules that would allow officials to look at past takeovers and mergers where concerns have been raised.Renesas, which had a market value of $20.5 billion as of Friday’s close, is one of the largest suppliers of semiconductors used in cars. It also has European offices in the U.K. and Germany. In 2019, Renesas completed its acquisition of U.S. firm Integrated Device Technology Inc., a deal valued at more than $6 billion that helped it expand beyond the automotive sector.Dialog and Renesas have been working together for over a decade. The U.K. company, which specializes in designing power management chips, said in August that it would collaborate with Renesas on car computing platforms.Both companies have found themselves part of tensions concerning the semiconductor supply chain. Apple was grappling with a shortage of vital chips that manage power consumption in iPhones and other devices, people with knowledge of the matter said in November. Within the auto industry, a semiconductor shortage is forcing car makers to halt production lines and is straining their relationship with chip suppliers.Like Dialog, Renesas is also a supplier to Apple. The U.S. tech giant was reported to be in talks to buy Renesas SP Drivers, 55% owned by Renesas, in 2014. The unit, which managed LCD displays, was later sold to Synaptics Inc. for $475 million.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

(Bloomberg) -- Dialog Semiconductor Plc, the U.K. chip designer whose clients include Apple Inc., said it’s in advanced discussions to sell the company to Japan’s Renesas Electronics Corp. for about 4.9 billion euros ($5.9 billion).The all-cash offer price of 67.50 euros per share is 20% above Dialog’s Friday close of 56.12 euros. Shares of the Frankfurt-listed company have risen around 25% since the start of the year, boosted by strong demand for Apple’s 5G handsets as well as takeover speculation.“A further announcement will be made as and when appropriate,” Dialog said in a statement after Bloomberg reported on the talks. “There can be no certainty that any firm offer will be made for the company, nor as to the terms on which any firm offer might be made.”Dialog had been in advanced talks with suitors including Renesas and working with advisers, people familiar with the matter said earlier on Sunday. The company was previously holding discussions with STMicroelectronics NV before the Franco-Italian company was outbid, the people said.The volume of deals involving semiconductor companies more than doubled last year to $144 billion, according to data compiled by Bloomberg. Nvidia Corp. agreed in September to buy SoftBank Group Corp.’s chip division Arm Ltd. for $40 billion, taking control of some of the most widely used chip technology in the industry’s largest-ever deal.Any deal could draw scrutiny from U.K. regulators as countries grow more protective of strategic industries such as semiconductors. Nvidia’s deal for Arm is set to be investigated by the country’s competition watchdog. The Competition and Markets Authority has said it will apply greater scrutiny to strategic tech deals, regardless of size.The U.K. government is also planning to introduce new rules that would allow officials to look at past takeovers and mergers where concerns have been raised.Renesas, which has a market value of $20.5 billion in Tokyo, is one of the largest suppliers of semiconductors used in cars. It also has European offices in the U.K. and Germany. In 2019, Renesas completed its acquisition of U.S. firm Integrated Device Technology Inc., a deal valued at more than $6 billion that helped it expand beyond the automotive sector.Dialog and Renesas have been working together for over a decade. The U.K. company, which specializes in designing power management chips, said in August that it would collaborate with Renesas on car computing platforms.(Updates with additional context in sixth, seventh paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

STMicroelectronics NV (NYSE:STM) Q4 2020 Results Conference Call January 28, 2021 03:30 AM ET Company Participants Celine Berthier - Group VP, IR Jean-Marc Chery - President and CEO Lorenzo...

STMicroelectronics NV (NYSE: STM) reported year-on-year revenue growth of 17.5% to $3.24 billion in the fourth quarter of FY20 exceeding ...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

(Bloomberg) -- Global stocks fell further from records amid a panoply of concerns spanning earnings, valuations, coronavirus trends and the fallout of frenzied retail trading in parts of the U.S. market. The dollar rose.The Stoxx Europe 600 Index tumbled to its lowest since Dec. 24, putting the gauge into negative territory for the year. Earnings beats from chipmaker STMicroelectronics NV and Diageo Plc were overshadowed by a miss from Swatch Group AG and a revenue drop at EasyJet Plc. Also weighing on sentiment is an ongoing dispute between AstraZeneca Plc and the European Union over vaccine supplies for the region.U.S. equity futures slipped after disappointment over results from the likes of Apple Inc. and Tesla Inc. sent shares sliding after market. On Wednesday, the S&P 500 slumped 2.6% in its worst rout since October as retail traders piled into heavily-shorted companies, sparking losses at hedge funds and causing turmoil in parts of the market.Treasury yields dipped toward the 1% level after Federal Reserve officials left their main interest rate unchanged and made clear the central bank was nowhere near exiting massive support for the economy. Stocks in Hong Kong and Australia saw the bulk of Asian losses.Stocks have stumbled after a prolonged rally that spurred talk of possible asset bubbles and predictions of a pullback given a raging pandemic and patchy rollout of vaccines. Adding to investor anxiety is a wave of retail traders bidding up heavily-shorted shares, whipsawing stocks around the globe.“The combination of a short covering in U.S. equity markets and delays in vaccines distribution have led U.S. and European equity markets 2 to 3% down,” according to Sebastien Galy, macro strategist at Nordea Funds. “One important point is that a dovish Fed still could not turn around the market, a signal that this may last a few days.”Why GameStop Furor Is Hurting Stock MarketsSoaring volatilities are forcing investors to cut leverage, and that means a large amount of cash is exiting the market. Big institutional names are losing a lot of money very quickly. The stock-market “game” has changed radically over the past week. That raises uncertainty and has risk managers very nervous.Mark Cudmore, Bloomberg Macro Strategist.Click here for the full story.These are some key events coming up in the week ahead:Fourth-quarter GDP, initial jobless claims and new home sales are among U.S. data releases Thursday.U.S. personal income, spending and pending home sales come Friday.These are the main moves in markets:StocksFutures on the S&P 500 Index decreased 0.7% as of 10:03 a.m. London time.The Stoxx Europe 600 Index fell 1.7%.The MSCI Asia Pacific Index declined 2%.The MSCI Emerging Market Index declined 1.8%.CurrenciesThe Bloomberg Dollar Spot Index advanced 0.2%.The euro was little changed at $1.2109.The British pound sank 0.3% to $1.3643.The onshore yuan strengthened 0.2% to 6.472 per dollar.The Japanese yen weakened 0.2% to 104.30 per dollar.BondsThe yield on 10-year Treasuries fell one basis point to 1%.The yield on two-year Treasuries was unchanged at 0.12%.Germany’s 10-year yield dipped one basis point to -0.55%.Japan’s 10-year yield declined one basis point to 0.04%.Britain’s 10-year yield sank one basis point to 0.255%.CommoditiesWest Texas Intermediate crude declined 0.4% to $52.66 a barrel.Brent crude decreased 0.2% to $55.72 a barrel.Gold weakened 0.2% to $1,840.56 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

European stocks are expected to open lower Thursday as global markets react to a sharp sell-off on Wall Street Wednesday.