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Statement from STMicroelectronics Supervisory Board

GlobeNewswire LogoGlobeNewswire1w ago

Statement from STMicroelectronics Supervisory Board - GlobeNewswire

Quick Summary:

The Supervisory Board unanimously approved the details of a Company-wide program to reshape the Company’s manufacturing footprint, accelerating ST’s wafer-fab capacity to 300mm silicon and 200mm silicon carbide, announced to the markets last year on October 31st and this year on January 30th.

PR No: C3329C   Statement from STMicroelectronics Supervisory Board Amsterdam, April 10, 2025 – The Supervisory Board of STMicroelectronics N.V.wishes to make 3 comments on statements made in the Italian press on April 9th: Accusations on the personal transactions made by the 2 members of the Company’s Managing Board on the eve of earnings releases are false.

Stock sales done during the Company’s blackout period were made by the Company’s stock plan administrator, through an automatic procedure, to abide by Swiss tax rules for the Managing Board members and were legal and compliant with Company policy.

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Article Details

Author / Journalist: STMicroelectronics International NV

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-10 @ 07:30:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 319 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © GlobeNewswire

News ID: 27769973

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