STMicro names new Italian board members, defusing tension with Rome
Coronavirus
ROME :STMicroelectronics announced on Thursday the appointment of two new Italian members of its supervisory board, signalling that Italy and France were moving to settle their differences over the chip maker's governance. The group, in which the French and Italian governments indirectly own a combined 27.5 per cent stake, has battled an industry-wide sales slump since the end of the COVID-19 pandemic, hit by low demand, high inventories, and geopolitical disruption. Veteran ambassador Armando
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