Italy says it opposes the CEO of STMicro


FILE PHOTO: The logo of electronics and semiconductors manufacturer STMIcroelectronics is seen outside a company building in Montrouge, near Paris, France, July 12, 2022. REUTERS/Sarah Meyssonnier/File Photo

ROME (Reuters) - The Italian government opposes the CEO of STMicroelectronics, the economy minister said on Wednesday, as the Franco-Italian chipmaker faces a sustained downturn in its key automotive and industrial markets.

"The behavior of the Italian shareholder will be one of criticism and opposition," Economy Minister Giancarlo Giorgetti told reporters during a press conference on Italy's multi-year budget framework.

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