Daily Brief TMT/Internet: Softbank Group, STMicroelectronics NV and more

Softbank Group’s (SBG) Q3/23-24 results were positive as expected, with decent investment gains, a significant increase in NAV, along with stable and healthy LTV. The development came on the back of strong equity markets, at least in the US. Conversely, portfolio diversification has worsened severely. SBG intends to maintain share buybacks while actively making investments.

Key points (machine generated)

• STMicroelectronics, originally named SGS Microelettronica, was founded in 1977. Carlo Bozotti started working at the company and eventually became its CEO.
• Bozotti implemented a restructuring plan during his tenure to enhance financial performance and concentrate on core businesses.
• Under Bozotti’s leadership, STMicroelectronics made strategic acquisitions and divestments to solidify its position in the semiconductor market. The company is now renowned for its analog and power semiconductor products.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.