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.
The competition to bring 1.4nm process nodes to market is splitting the industry’s leading chipmakers. TSMC is moving steadily toward its 2028 mass production target, while Intel and Samsung Foundry are both pulling back, revealing diverging levels of confidence and capital readiness among the Big Three.