STMicroelectronics (STM) Invests $60 Million to Boost Advanced Chip Production in France

STMicroelectronics N.V. (NYSE:STM) ranks among the best cheap semiconductor stocks to buy. On September 17, STMicroelectronics N.V. (NYSE:STM) announced a $60 million investment in its Tours, France, plant, where it aims to create an experimental line for advanced semiconductor manufacturing technology. As part of a significant restructuring planned in October, the company has been transferring aging chipmaking lines away from Tours. Known as Panel-Level Packaging (PLP), the new technology enables STMicr ...