French industry minister says he supports STMicroelectronics CEO Chery


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

PARIS (Reuters) - French Industry Minister Marc Ferracci said on Thursday he supported STMicroelectronics CEO Jean-Marc Chery amid allegations of insider trading by two members of its managing board.

"I would like to offer my full support to Jean-Marc Chéry after the recent tensions within the STMicroelectronics Supervisory Board and the announcement of the reorganization plan," Ferracci wrote in a post on social media platform X.

(Reporting by Makini Brice; Editing by Chris Reese)

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

Next In Tech News

Robotics pioneer says the field has lost its way
Google warns staff with US visas against international travel due to embassy delays, Business Insider says
Sleep cots and graham crackers at Elon Musk’s child care program
Three tips to give your kids the best holiday present you can get – a healthier relationship with screens
Opinion: Australia just banned kids from social media. Shouldn't we all?
Meta's Dina Powell McCormick quits board, may stay on as adviser
EU Council backs digital euro with both online and offline functionality
AI boom drives data-center dealmaking to record high, says report
Nvidia-Intel deal cleared by US antitrust agencies
Italy sells digital payment unit PagoPA to Poste, state mint for up to 500 million euros

Others Also Read