A few days ago, STMicroelectronics plans to invest $450 million in research and development. The loan is expected to be repaid in 2022.
According to ST, the $450 million loan is to support ST's R&D activities and innovations related to next-generation technologies and electronics in the power, MEMS, microcontroller, analog and medical sectors, including technology development and products. The entire cycle of development to application solutions also includes software development and system integration.
Yifa said that the company has paid off a loan of 450 million US dollars and is expected to bear the $550 million in expenses brought by the closure of the joint venture company, Ericsson Ericsson. ST's line of credit is $490 million. At the end of 2012, ST had a net cash of $1.99 billion.
According to ST, the $450 million loan is to support ST's R&D activities and innovations related to next-generation technologies and electronics in the power, MEMS, microcontroller, analog and medical sectors, including technology development and products. The entire cycle of development to application solutions also includes software development and system integration.
Yifa said that the company has paid off a loan of 450 million US dollars and is expected to bear the $550 million in expenses brought by the closure of the joint venture company, Ericsson Ericsson. ST's line of credit is $490 million. At the end of 2012, ST had a net cash of $1.99 billion.
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