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May 28, 2014
05:44 EDTSTMSTMicroelectronics, Changan Automobile form partnership
STMicroelectronics together with Changan Automobile announced a strategic partnership with the setup of the Changan - ST Automotive Electronic Joint Laboratory at the premises of Changan Automotive Engineering, Global Research Institute. The partnership aims to extend the cooperation of the two companies in automotive electronics, focusing on research and development in body, infotainment, powertrain, and safety applications to meet the demand of the local automotive electronics market. ST will also provide Changan Automobile with state-of-the-art automotive semiconductor solutions and products, together with technical support and employee training.
News For STM From The Last 14 Days
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November 17, 2015
08:54 EDTSTMMaxim could be bidder for Fairchild, says Citi
Citi analyst Atif Malik views Maxim Integrated (MXIM) as a potential acquirer Fairchild Semiconductor (FCS). Bloomberg on October 13 reported that Fairchild was seeking advice for a potential sale, and listed potential acquirers as STMicroelectronics (STM), Infineon (IFNNY) and ON Semiconductor (ON). Bids from STM and ON seem unlikely, but Infineon and Maxim could be potential acquirers of Fairchild, Malik tells investors in a research note. In a bull case scenario, Fairchild's buyout value could reach $25 per share, the analyst contends. Fairchild closed yesterday at $17.76. Malik's peer at Citi, analyst Christopher Danely, argued today in research note that Maxim Integrated (MXIM) is unlikely to get acquired despite reports of interest from Analog Devices (ADI) and Texas Instruments (TXN). Danely views Xilinx (XLNX) as a potential takeout target, potentially for Qualcomm (QCOM).

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