Latest news with #French-Italian
The Star
6 hours ago
- Automotive
- The Star
STMicro to buy part of NXP Semiconductors' sensor business for up to $950 million
FILE PHOTO: The logo of electronics and semiconductors manufacturer STMIcroelectronics is seen outside a company building in Montrouge, near Paris, France, July 12, 2022. REUTERS/Sarah Meyssonnier/File Photo (Reuters) -French-Italian chipmaker STMicroelectronics said on Thursday it would acquire part of NXP Semiconductors' sensor unit for up to $950 million in cash. The deal would expand STMicro's portfolio of MEMS-based electromechanical sensors, which include safety and monitoring sensors for vehicles as well as pressure sensors for industrial applications. The unit generated revenue of about $300 million last year, STMicro said in a statement. As part of the agreement, STMicro would make an upfront payment of $900 million and $50 million on achieving certain technical milestones. The deal is expected to close in the first half of 2026. Chipmakers exposed to the struggling automotive, industrial, and consumer chip markets have faced a sales slump as they grapple with low demand and high inventories. Earlier in the day, STMicro, one of Europe's largest chipmakers, reported its first quarterly loss in over a decade as it took a $190 million hit from restructuring and impairment costs. (Reporting by Mariam Sunny in Bengaluru; Editing by Anil D'Silva)
Yahoo
8 hours ago
- Automotive
- Yahoo
STMicro to buy part of NXP Semiconductors' sensor business for up to $950 million
(Reuters) -French-Italian chipmaker STMicroelectronics said on Thursday it would acquire part of NXP Semiconductors' sensor unit for up to $950 million in cash. The deal would expand STMicro's portfolio of MEMS-based electromechanical sensors, which include safety and monitoring sensors for vehicles as well as pressure sensors for industrial applications. The unit generated revenue of about $300 million last year, STMicro said in a statement. As part of the agreement, STMicro would make an upfront payment of $900 million and $50 million on achieving certain technical milestones. The deal is expected to close in the first half of 2026. Chipmakers exposed to the struggling automotive, industrial, and consumer chip markets have faced a sales slump as they grapple with low demand and high inventories. Earlier in the day, STMicro, one of Europe's largest chipmakers, reported its first quarterly loss in over a decade as it took a $190 million hit from restructuring and impairment costs. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNA
8 hours ago
- Automotive
- CNA
STMicro to buy part of NXP Semiconductors' sensor business for up to $950 million
French-Italian chipmaker STMicroelectronics said on Thursday it would acquire part of NXP Semiconductors' sensor unit for up to $950 million in cash. The deal would expand STMicro's portfolio of MEMS-based electromechanical sensors, which include safety and monitoring sensors for vehicles as well as pressure sensors for industrial applications. The unit generated revenue of about $300 million last year, STMicro said in a statement. As part of the agreement, STMicro would make an upfront payment of $900 million and $50 million on achieving certain technical milestones. The deal is expected to close in the first half of 2026. Chipmakers exposed to the struggling automotive, industrial, and consumer chip markets have faced a sales slump as they grapple with low demand and high inventories. Earlier in the day, STMicro, one of Europe's largest chipmakers, reported its first quarterly loss in over a decade as it took a $190 million hit from restructuring and impairment costs.
Reuters
8 hours ago
- Automotive
- Reuters
STMicro to buy part of NXP Semiconductors' sensor business for up to $950 million
July 24 (Reuters) - French-Italian chipmaker STMicroelectronics ( opens new tab said on Thursday it would acquire part of NXP Semiconductors' (NXPI.O), opens new tab sensor unit for up to $950 million in cash. The deal would expand STMicro's portfolio of MEMS-based electromechanical sensors, which include safety and monitoring sensors for vehicles as well as pressure sensors for industrial applications. The unit generated revenue of about $300 million last year, STMicro said in a statement. As part of the agreement, STMicro would make an upfront payment of $900 million and $50 million on achieving certain technical milestones. The deal is expected to close in the first half of 2026. Chipmakers exposed to the struggling automotive, industrial, and consumer chip markets have faced a sales slump as they grapple with low demand and high inventories. Earlier in the day, STMicro, one of Europe's largest chipmakers, reported its first quarterly loss in over a decade as it took a $190 million hit from restructuring and impairment costs.
Metro
6 days ago
- Science
- Metro
Scientists begin melting Earth's oldest ice to unlock 1,500,000-year-old secrets
To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Unassuming, icicle-like tubes could help answer mysteries about Earth's climate. They are the world's oldest ice cores, which have just landed in the UK after being drilled from the depths of Antarctica. While most of Britain is reeling from weeks of back-to-back heatwaves, scientists in Cambridge find out what the rare blocks of ice can reveal about climate change and our home planet. But to get hold of the ice, they first had to drill for 1.7 miles down the ice sheet at the South Pole. The giant stick of ice was then cut into more manageable chunks and transported to Europe. Scientists hope the pieces will reveal why the planet's climate cycle shifted more than a million years ago, helping to predict Earth's future response to rising greenhouse gas. Dr Liz Thomas, from the British Antarctic Survey in Cambridge, told Reuters: 'We really are exploring a completely unknown time in our history. 'We are hoping to unlock all these amazing secrets.' The new core ice, which was drilled near the Concordia research station in the 'White Continent,' beats the previous 800,000-year-old ice, which was drilled in the early 2000s. Until now, scientists have relied on marine sediments to study the climate cycles. over millions of years. But ice has a special feature invisible to the naked eye – entrapped bubbles showing the atmospheric conditions, amount of greenhouse gas in the air and chemical evidence of temperatures at the time when they were released. And to not make the job too easy for the scientists, Antarctica is the only place on Earth where such a long record of the atmosphere is found. Summer temperatures at the French-Italian Concordia station range from -30°C to -50°C, and can reach a brain-numbing -80°C in winter. Dr Thomas continued: 'Our data will yield the first continuous reconstructions of key environmental indicators—including atmospheric temperatures, wind patterns, sea ice extent, and marine productivity—spanning the past 1.5 million years. 'This unprecedented ice core dataset will provide vital insights into the link between atmospheric CO₂ levels and climate during a previously uncharted period in Earth's history, offering valuable context for predicting future climate change.' The world's largest ice sheet remains shrouded in mystery and intrigue as relatively little is still known about Antarctica. More Trending Geologists believe the continent was once covered in rivers and forests. Satellite data and radars revealed ridges and valleys, suggesting the icy no man's land looked very different 34 million years ago. Meanwhile, conspiracy theorists have their eyes set on Antarctica after Google Map sleuths believe they have found a secret door buried in the mountainside. Get in touch with our news team by emailing us at webnews@ For more stories like this, check our news page. MORE: Scorching 40°C temperatures 'will soon become the new normal for the UK' MORE: I love living in London — but it's absolutely vile in the summer MORE: Blame, thoughts and prayers – the uncomfortable truth about politicians and natural disasters
