Chery

STMicroelectronics CEO Receives Support Amidst Italy's Withdrawal of Backing

5 days ago

In a significant turn of events, STMicroelectronics’ supervisory board has extended its full support to CEO Jean-Marc Chery despite recent political shifts in Italy that saw the government withdraw its backing for the semiconductor giant. This pivotal decision comes in the wake of increasing scrutiny on the company amid Italy’s changing industrial strategy.

Italy's STMicroelectronics Faces Leadership Shake-Up Amid Performance Concerns

2 months ago

In a significant development for the semiconductor industry, Italy is reportedly pushing for the removal of Jean-Marc Chery, the CEO of STMicroelectronics. This move comes as the company grapples with challenges related to its performance metrics and strategic direction. Stakeholders have expressed their dissatisfaction over the company's latest financial results, which have not met expectations.

Chery Explores $7 Billion IPO for Its Auto Unit in Hong Kong: A Potential Game-Changer in the Automotive Industry

6 months ago

In a move that could significantly alter the landscape of the automotive industry, Chery Automobile Co., a leading Chinese automaker, is reportedly contemplating an initial public offering (IPO) for its high-performance automobile unit in Hong Kong. This move could potentially raise as much as $7 billion, sources familiar with the matter revealed.