STMicroelectronics plans robots, retraining to avoid closures [Yahoo! Finance]
STMicroelectronics N.V. (STM)
Last stmicroelectronics n.v. earnings: 4/22 01:00 am
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Source: Yahoo! Finance
By Nathan Vifflin SOPOT, Poland, March 13 (Reuters) - STMicroelectronics unveiled plans on Thursday to retrain workers and deploy robots in its older chip manufacturing ?plants, avoiding closures as the European semiconductor giant navigates industry challenges. At a ?semiconductor conference in Sopot, Poland, hosted by industry group SEMI, Thomas Morgenstern, STMicro's head of manufacturing, showed ?a video of a robot placing a silicon wafer carrier into a machine. "This is the first one we have," he said. "In the next couple of years, we are talking about numbers beyond one hundred humanoids doing jobs in our facilities." European chipmakers, including STMicro ?and rivals such as NXP, ?face mounting pressure from global competitors, particularly in China, where modern automated production lines are increasing efficiency. Ageing "fabs," or chip factories, require ?significant investment to compete, but they are often not upgradeable with newer tools. Options to tear down a
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STM
Earnings
- 1/29/26 - Miss
STM
Sec Filings
- 3/2/26 - Form 6-K
- 2/26/26 - Form 6-K
- 2/26/26 - Form 20-F
- STM's page on the SEC website