STMicro swings to loss, scoops up NXP sensors in US$950 million reset

STMicroelectronics posted its first operating loss in over a decade, driven by US$190 million in restructuring and impairment charges amid soft automotive and industrial chip demand. The loss coincided with the company’s announcement of a US$950 million deal to acquire NXP Semiconductors’ MEMS sensor business, a move to strengthen its foothold in the high-growth automotive sensing sector.

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Missed connection with Nvidia haunts Samsung as Lee Jae-yong marks 1000 days of leadership

Samsung Electronics Chairman Lee Jae-yong recently marked his 1,000th day in office, a tenure that Korean media describes as filled with challenges and crises. Even though Lee officially took the chairman title only three years ago, he joined Samsung’s General Affairs department in 1991 at age 23, meaning he’s spent more than 30 years with Samsung.

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