STMicroelectronics may sell off digital products division
STMicroelectronics, the listed Swiss-Italian electronic chip manufacturer, could sell off its digital products division, the Italian-language Carlo Festa blog reported. The report cited unspecified rumours noting that either a sale or a strategic partnership was an option.
The report said that the division is less profitable than the rest of STMicroelectronics.
STMicroelectronics has a market cap of EUR 6.4bn.
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Carlo Festa Blog