STMicro to invest US$2b to deal with chip supply crisis


FILE PHOTO: A logo is pictured on the factory of STMicroelectronics in Plan-les-Oautes near Geneva, Switzerland, December 6, 2016. REUTERS/Denis Balibouse/File photo

FRENCH-Italian chipmaker STMicroelectronics NV is ramping up spending on new semiconductor capacity after a supply chain breakdown disrupted the automotive industry and piled pressure on the company to boost output.

The industry has been struggling to meet demand for chips powerful enough to run the latest generation of smartphones and manage an increasingly sophisticated array of functions in cars, after the pandemic and geopolitical tensions disrupted supply chains.

Save 30% for ads-free and full access now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit to remain defensive next week, trading in 4.41-4.45 range against US dollar
Sewing a family legacy
Dollar ‘smile’ looks lopsided
Banning hospital IPOs won’t curb rising costs
EPF diversified strategy to withstand volatility
White Lotus fans mimic show with US$10,000 suites
Just the ticket for tourism SMEs
Desert camping, Dubai style
Ringgit bond market to fare better�
Lack of core IP leaves EMS firms vulnerable to market shifts

Others Also Read