Tag Archives: stm

STMicro Upgraded On Euro Decline, Turnaround Efforts

STMicroelectronics (STM) could benefit from the weakness of the euro, prompting analysts Friday to upgrade the Swiss company as it continues to execute a turnaround plan. Morgan Stanley analysts Francois Meunier, Andrew Humphrey and Mathias Santos Silva, in a research report Friday, upgraded STMicroelectronics to equal weight from underweight, citing a chance to capitalize on the euro weakness as the No. 1 driver for the chipmaker’s share price in

Apple iPad Mini 2 winners include Cirrus Logic, STMicro

Apple’s (AAPL) second-generation iPad Mini tablet was made available for purchase Tuesday and analysts already are tearing it open to see which component makers scored a place in it. Device repair website IFixIt took apart an iPad Mini with Retina display and found many familiar component suppliers represented inside. Two component winners were audio-codec provider Cirrus Logic (CRUS) and motion-sensor provider STMicroelectronics (STM). They have faced heightened competition for that business. Like the larger-screen iPad Air, released on Nov. 1, the iPad Mini 2 features a display from LG Display (LPL), IFixIt said. Reports have speculated that the new iPad Mini will be in short supply because of difficulties in sourcing the 7.9-inch high-resolution display. Sharp and Samsung also are supplying displays for the iPad Mini 2, MacRumors reported. The display is run by an LCD driver from Parade Technologies and power supply chips from Texas Instruments (TXN). It…