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STMicroelectronics has announced a restructuring program to reshape its manufacturing footprint and resize its global cost base, with plans to upgrade manufacturing capabilities and reduce its workforce through voluntary departures and natural attrition.

STMicroelectronics NV navigates turbulent market conditions, driven by its commitment to innovation and technological advancements, despite the global economic uncertainty.

STMicroelectronics NV’s share value has risen due to its focus on carbon-based silicon power chips, which are expected to become more widely available and drive adoption in new energy vehicles.