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European equities closed the session in positive territory after consumer data and earnings in the U.S. helped to boost sentiment in afternoon trade.
Carlo Bozotti, CEO of ST Microelectronics, says the company's improvement during the last few quarters was "very significant".
Trends emerge this earnings' season: limited Q4 visibility, momentum names slide, oil is dropping, and bond yields break down.
Stocks are down globally, with the most likely explanation being that stocks are greatly overbought.
Europe's largest maker of semiconductors said it will look to emerging markets after posting a $142 million third-quarter net loss.
Carlo Bozotti, CEO of STMicroelectronics, says the company is focusing on the Chinese market with new products.
Two consortiums, including IBM and STMicroelectronics, have proposed building semiconductor wafer plants in India costing a total of $8 billion.
European shares closed down in choppy trade on Tuesday, while shares in mobile device maker Nokia surged 34 percent.
European shares pared earlier gains to close down on Tuesday, after a late session sell-off that traders attributed to concerns about possibly disappointing earnings from Apple.
Carlo Bozotti, CEO of STMicroelectronics, blames the break-up of the joint venture with Ericsson for the continued net loss and discusses products traction and their R&D program.
STMicroelectronics posted a second-quarter loss more than double that of a year earlier, as Europe's largest maker of semiconductors struggles with a softening smartphone market.
Some of the names on the move ahead of the open.
Check out which companies are making headlines after the bell Monday:
European markets closed higher, but off session highs in afternoon trade on Tuesday, as worse-than-expected factory data for the euro zone dented investor sentiment.
The chief executive of European chipmaker STMicroelectronics told CNBC that the company had to be careful as it winds down a loss-making venture with telecoms operator Ericsson.
Carlo Bozotti, CEO of STMicroelectronics, says he is "encouraged" by stronger demand but questions whether that's sustainable and says the company must remain prudent.
Overtaking Apple as the world's leading maker of smartphones has stretched Samsung's in-house supply lines, and the South Korean firm is now courting some of its rival's main parts suppliers.
With three out of five major U.S. companies missing revenue forecasts, a lot of fingers are pointed at European weakness.
Earnings: Still choppy, but mostly good news for tech and building materials.
Good day for earnings, big industrials leave full-year guidance unchanged.