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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

AI data centers are forcing dirty ‘peaker’ power plants back into service
Paramount's new offer for Warner Bros is not sufficient, major investor says
After power outage, San Francisco wonders: Can robot taxis handle a big earthquake?
Amazon's Zoox to recall 332 US vehicles over software error
Uber and Lyft plan to bring robotaxis to London in partnerships with China's Baidu
Vodafone CEO among UK bosses who see AI, cyberattacks as top 2026 risks
China delays plans for mass production of self-driving cars after accident
Malaysian students win gold at International Robot Olympiad with Mars-exploration robot concept
Leica rolls out firmware update for its SL-System and Q3 camera family
China’s weather superpower bid takes aim at top AI model dataset

Others Also Read