STMicroelectronics $STMPA.PA, a leading Franco-Italian semiconductor manufacturer, announced on Wednesday that it expects a total of 5,000 employees to leave the company voluntarily over the next three years. This figure includes approximately 2,800 employees already notified earlier this year as part of a workforce reduction initiative.
STMicroelectronics $STMPA.PA has recently revealed that, despite rising concerns in the global market, US tariffs have not disrupted its communications with clients. The semiconductor manufacturer even forecasts an increase in sales for the second quarter, following a notably low performance in the first three months of 2025. Jean-Marc Cherie, the company’s President and CEO, conveyed that there has been no visible panic or rapid reaction among customers in response to potential tariff challenges.
STMicroelectronics $STMPA.PA, a leading global manufacturer of chips for the automotive and industrial sectors, recently reported its weakest quarterly results in the past year. Despite operating profit plunging to nearly zero, the company remained cautiously optimistic, forecasting a rebound in sales for the second quarter of 2024.
Amid ongoing changes in global markets and tariff policies, recent updates from STMicroelectronics $STMPA.PA have captured analysts' attention. The leading semiconductor manufacturer noted that US tariffs have not yet adversely affected its client relationships. During a press briefing, CEO Jean-Marc Chery stated that there has been "no evident panic among clients or immediate reaction," signaling resilience in the face of potential challenges.
STMicroelectronics, a leading European semiconductor manufacturer, finds itself at the heart of a political and corporate storm after facing insider trading accusations. This situation has not only drawn the attention of the Italian and French governments but also compelled the company to reassess its strategy for relationships with key partners and governments.
Recent developments in the financial markets have highlighted an important management change at one of the leading semiconductor manufacturers, STMicroelectronics. The Italian government is set to appoint Marcello Salu, the head of the Ministry of Economy’s department in charge of managing state-owned companies and assets, to the company’s board of directors. This news, confirmed by three independent sources, has drawn significant attention from financial analysts and experts alike due to its potential impact on global asset management and market strategies.
