|Bid||0.00 x 1400|
|Ask||0.00 x 1400|
|Day's Range||34.16 - 35.06|
|52 Week Range||23.23 - 43.02|
|Beta (5Y Monthly)||1.35|
|PE Ratio (TTM)||24.88|
|Forward Dividend & Yield||0.24 (0.70%)|
|Ex-Dividend Date||Jun 21, 2021|
|1y Target Est||N/A|
Franco-Italian chipmaker STMicroelectronics sees no reason to join a potential European Union semiconductors alliance, its chief executive said on Tuesday, as the European Commission is seeking to boost Europe's independence in microchips. CEO Jean-Marc Chéry told BFM Business that the Commission's initiative is a positive development but added that his firm had no interest in taking part. STMicro produces a wide range of chips, from low-margin microcontrollers to more sophisticated sensors used in smartphones and autonomous vehicles.
STMicroelectronics (STM) possesses solid growth attributes, which could help it handily outperform the market.
The global chip shortage is set to ignite a power struggle between chip manufacturers and their customers about how the industry’s supply chain works and who pays the costs of carrying inventory. In an interview with the Financial Times, the chief executive of one of Europe’s biggest chipmakers said that customers would have to accept that their “dream is over”. Jean-Marc Chéry, chief executive of STMicroelectronics, said that his customers, whether carmakers or car part suppliers, will need to hold more inventory or agree to more non-cancellable contracts to make supply more predictable and reduce the risk of shortages.