The Malta Independent 14 August 2026, Friday
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‘Shock Treatment’ for STM

Malta Independent Sunday, 14 October 2007, 00:00 Last update: about 20 years ago

Following last week’s story regarding the advice tendered by ABM Amro’s analyst on STMicroelectronics future, this is what French financial newspaper Le Revenu Français wrote last week: “With its back to the wall after the euro rose to $1.40 last September, STM is looking into a variety of measures it can take to re-equilibrate its costs, particularly those exposed to the dollar. The company plans to stop some industrial sites, notably in Malta, and to acquire an American competitor.”

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