STMicroelectronics N.V.: STMicro Remains Bullish on Near-Term Chip Demand; Shares Undervalued vs. $56/EUR 55 FVE

Summary

A merger between Italian firm SGS Microelettronica and the nonmilitary business of Thomson Semiconductors in France formed STMicroelectronics in 1987. STMicro is a leader in a variety of semiconductor products, including analog chips, discrete power semiconductors, microcontrollers, and sensors. STMicro is an especially prominent chip supplier into the industrial and automotive industries.

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