STMicro

Franco-Italian chipmaker STMicro agrees to supply AWS with chips, including for high-bandwidth connectivity and energy-efficient power management; STM jumps 8%+

Italy says it is withdrawing its support for STMicro CEO Jean-Marc Chery and his management team as chip demand slumps; Italy and France own nearly 28%

Bloomberg :

Sources: Italy wants to replace STMicro CEO Jean-Marc Chéry for poor performance, as the Franco-Italian chipmaker struggles to navigate a slump in chip demand

Italy's government wants to replace Jean-Marc Chéry, the man at the helm of Franco-Italian chipmaking joint-venture STMicroelectronics NV, for poor performance.

Franco-Italian chip company STMicro reports Q1 revenue down 18% YoY to $3.47B, below $3.63B est., and expects Q2 sales down 26% YoY to $3.2B, below $3.79B est.

Jillian Deutsch / Bloomberg :

Sources: a planned $3B chip plant in India by ISMC, a consortium that included chipmaker Tower, has stalled due to the company's pending takeover by Intel

A planned $3 billion semiconductor facility in India by chip consortium ISMC that counted Israeli chipmaker Tower as a tech partner … Tweets: @dnystedt , @adityakalra , @reuters , and @adityakalra Twe...