Page 2 - Stmicroelectronics Nv News Today

Here are Wednesday's biggest calls on Wall Street.

STMicroelectronics NV (STM) released a profit for third quarter that beat the Street estimates. The company's earnings totaled $1.09 billion, or $1.16 per share.

India Business News: A proposed six-way business split smacks of desperation. Can the commodities titan avoid the fate of the Titanic?

The Wall Street bank's "top autos semis pick" is expected to rise by more than 60% over the next 12 months.

Vedanta: Both companies have submitted details of their proposed technology partners and the funding for the proposed chip fabrication units, the people said. The government is currently going through their proposals and is in "dialogue" with them to tie up loose ends, an official told ET.

Weeks after Foxconns partnership with Vedanta Resources fell through, it is now partnering with STMicroelectronics NV to bid on building a semiconductor factory in India. The companies are seeking state support to establish a 40-nanometer chip plant. India is actively trying to boost chip output and reduce reliance on imports

Taiwans Foxconn and Franco-Italian STMicro are applying for state support for a 40-nanometer chip plant, people familiar with the matter said, asking not to be identified as the plan isnt public. Such mature chips are used in cars, cameras, printers and a wide variety of other machines.

Vedanta Group and Foxconn have separately applied to the Indian government to establish semiconductor fabrication units in the country. Both companies have submitted details of their proposed technology partners and funding for the chip fabrication units. The government is currently reviewing their proposals and engaging in discussions to finalize the agreements.

Volvo EV Technology: The SiC Power MOSFETs are recognized for their ability to handle higher voltages and temperatures while maintaining superior energy efficiency, making them an ideal fit for the demanding requirements of electric vehicles.

Morgan Stanley screened for European stocks with strong balance sheets, lots of cash or high shareholder returns. CNBC Pro takes a look at 20.