Reported about 6 hours ago
Italy's government is looking to oust STMicroelectronics CEO Jean-Marc Chéry, citing poor performance amid industry challenges. Shares of STMicro have stagnated, significantly underperforming its competitors, and the company faces declining demand for semiconductors. Though discussions of leadership change are underway, Italian officials recognize potential limitations in facilitating a replacement, especially given the joint ownership with France.
Source: YAHOO