Chipmaker STMicro denies Italian minister's allegations of insider trading


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

(Reuters) -Chipmaker STMicroelectronics' supervisory board on Thursday denied allegations of insider trading concerningtwo members of its managing board and sought to reassure the Italian government the company was committed to its investments there.

Italy's Economy Minister Giancarlo Giorgetti in a news conference late on Wednesday accused STMicro's management of having sold shares it held a day before reporting negative results.

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