Market Chatter: STMicroelectronics Reconfirms Investment Commitment in Italy
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STMicroelectronics has reaffirmed its investment commitment in Italy, planning to double manufacturing at its Agrate site by 2027. The company is set to engage in discussions with Italian trade unions to address job levels. Italian senator Adolfo Urso emphasized the need for a new industrial plan to enhance Italy's role in the company's development. Despite this positive news, STMicroelectronics shares fell over 6% in premarket trading on Thursday.
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