Company:Technoprobe

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Technoprobe
TypeSocietà per azioni
Short description: Italian stock exchange
Borsa Italiana
TypeStock exchange
LocationMilan, Italy
Founded1808; 218 years ago (1808)
OwnerLondon Stock Exchange Group
Key peopleAndrea Sironi (Chairman)
Raffaele Jerusalmi (CEO)
CurrencyEUR
No. of listings353
Market capEUR[1] (2017) € billion 2,370.00 ($ billion 2,960.00)
VolumeUnited States dollar 738 billion
IndicesFTSE MIB
FTSE Italia All-Share
FTSE Italia Mid Cap
FTSE Italia Small Cap
FTSE AIM Italia

Borsa Italiana S.p.A., based in Milan, is Italy's only stock exchange. It manages and organises domestic market, regulating procedures for admission and listing of companies and intermediaries and supervising disclosures for listed companies.[2]

Following exchange privatisation in 1997, the Company was established and became effective since 2 January 1998.[3] It is now a subsidiary of the London Stock Exchange Group plc since 23 June 2007.[4]

In 2015, overall capitalisation for listed company on Borsa Italiana was worth €567.2 billion, representing 34.8% of Italian GDP.[5]

Borsa Italiana is also informally known as Piazza Affari ("Business Square"), after the city square of Milan where its headquarters (the Palazzo Mezzanotte building) is located.

Borsa Italiana is chaired by Andrea Sironi, and Raffaele Jerusalmi is the CEO. They are both directors of the London Stock Exchange Group.[6]

Borsa Italiana is regulated by the Commissione Nazionale per le Società e la Borsa (CONSOB), an agency of the Ministry of Economy and Finance, based in Rome.

History

The Borsa di commercio di Milano (Milan Stock Exchange) was established by Eugène de Beauharnais, viceroy of the Napoleonic Kingdom of Italy, through decrees dated 16 January and 6 February 1808.[7] It operated under public ownership until 1998, when it was privatized.[8] In 1997, all the Italian stocks were merged. Before of this year other smaller stocks exchanges based in Naples, Turin, Trieste, Venice, Genoa, Florence, Bologna, Rome, and Palermo. In 1991 the electronic exchanges were approved and in 1994 the market with grida (A,B,C) was abolished. In Milan were also the currencies exchange rates fixing and the commodities fixing.[9]

On 1 October 2007, Borsa Italiana was merged with the London Stock Exchange in an all-share takeover,[10] thus becoming part of the London Stock Exchange Group. In March 2016, the London Stock Exchange Group announced the agreement to merge in an all-stock deal with Deutsche Borse, but was subsequently blocked by the EU Competition Regulator.[11]

Operations

Borsa Italiana acts as a market management firm operating with autonomy and flexibility. It organises and manages the domestic stock market along with Italian and international brokers through fully electronic trading system. Among its leading tasks, Borsa Italiana supervises listed companies, defining rules for admission and listings and supervising transaction activities.[12]

Trading hours

File:L.O.V.E. sculpture by Maurizio Cattelan in front of Milan Stock Exchange.jpg
L.O.V.E. sculpture by Maurizio Cattelan in front of Milan Stock Exchange
The exchange has pre-market sessions from 08:00am to 09:00am, normal trading sessions from 09:00am to 05:30pm and post-market sessions from 06:00pm to 08:30pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.[13]

Markets

Major trading markets for Borsa Italiana are:

  • MTA, the leading equity market, which is devoted to mid and large-size companies. It includes two segments: STAR, for mid-sized firms, and MTA International, on which shares from non-Italian issuers already listed on other European markets are traded;[14]
  • AIM Italia, which collects stocks by small and medium high-growth companies;[15]
  • MIV (Market For Investment Vehicles), on which retail and professional investors operates on investment vehicles which have a defined strategic vision;[16]

Borsa Italiana also include markets for derivatives (IDEM),[17] ETF (ETFPlus) and bonds (MOT).[18]

Indices

Borsa Italiana's main indices are:[19]

  • FTSE Italia All Share
  • FTSE MIB, a capitalisation-weighted index of 40 of the biggest companies chosen to represent 10 economic sectors, created in 2009[20]
  • FTSE Italia Mid Cap
  • FTSE Italia Small Cap
  • FTSE AIM Italia
  • AIM Italia Investable

Listed companies

See also

References

Notes

  • Affari




FTSE Italia Mid Cap
IndustrySemiconductors
Founded1996; 30 years ago (1996) in Merate, Italy
FounderGiuseppe Crippa
Headquarters
Cernusco Lombardone
,
Italy
Area served
Worldwide
Key people
Stefano Felici (CEO)
ProductsProbe cards
RevenueIncrease 550 million (2022)
Number of employees
2700
Websitetechnoprobe.com

Technoprobe is a designer and manufacturer of probe cards and measurement technologies for integrated circuits headquartered in Italy.[1]

Technoprobe Headquarters

History

Technoprobe was founded in Merate near Milan in 1996 by Giuseppe Crippa, who had developed a new and more rapid method to manufacture probe cards.[2]

In 2007, Technoprobe marketed the first probe card with vertical MEMS.[3]

By 2017, it was the world's third largest manufacturer of probe cards,[4] and by 2020, it was second largest.[2][5][6]

It became a public company in 2022, with shares available for trading at Milan's stock exchange.[7]

In 2023, Technoprobe acquired Harbor Electronics, a company based in Santa Clara, California.[8] Teradyne acquired a 10% equity stake and sold its device interface solutions division to Technoprobe[9]

References

  1. "Italy's Technoprobe eyes valuation of up to 3.8 billion euros in IPO". Euronews. 4 February 2022. https://www.euronews.com/next/2022/02/04/technoprobe-ipo. Retrieved 11 March 2024. 
  2. 2.0 2.1 "How To Become A Billionaire At 87". Forbes. 1 June 2022. https://www.forbes.com/sites/giacomotognini/2022/06/01/how-to-become-a-billionaire-at-87-serving-apple-samsung-amd/. Retrieved 11 March 2024. 
  3. Buscaroli, Alessandro; Huseynli, Gulnar (2021). Inefficiencies reduction in the Probe Head Productive Unit of Technoprobe (PDF) (M.Sc thesis). Polytechnic University of Milan. p. 9. Retrieved 2024-03-13.
  4. "The Week In Review: Manufacturing". Semiconductor Engineering. 14 April 2017. https://semiengineering.com/the-week-in-review-manufacturing-159/. Retrieved 13 March 2024. 
  5. Broz, Jerry (2020-06-24). "Semiconductor Test Landscape - An Overview". https://www.testconx.org/premium/wp-content/uploads/2020/Vid2020BrozB_7539.pdf. Retrieved 13 March 2024. 
  6. Pennisi, Salvatore (6 October 2022). "The Integrated Circuit Industry at a Crossroads: Threats and Opportunities". Chips 1 (3): 150–171. doi:10.3390/chips1030010. 
  7. "Technoprobe IPO progresses". globalcapital.com. 2022-02-10. https://www.globalcapital.com/article/29p3vpwiv05neuybdcutc/equity/equity-ipos/technoprobe-ipo-progresses-despite-volatile-market. Retrieved 13 March 2024. 
  8. "China's Fastprint to Sell US Chip Testing Unit to Italy's Technoprobe for USD50 Million". YcaiGlobal.com. 2023-07-05. https://www.yicaiglobal.com/news/20230705-15-chinas-fastprint-to-sell-us-chip-testing-unit-to-italys-technoprobe-for-usd50-million. Retrieved 13 March 2024. 
  9. "Teradyne and Technoprobe Announce Strategic Agreements to Drive Semiconductor Test Interface Innovation and Accelerate Growth". EQS-news.com. 7 November 2023. https://www.eqs-news.com/news/corporate/teradyne-and-technoprobe-announce-strategic-agreements-to-drive-semiconductor-test-interface-innovation-and-accelerate-growth/1934241. Retrieved 12 March 2024.