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

Core Insights - STMicroelectronics N.V. (NYSE:STM) is recognized as one of the best undervalued semiconductor stocks to consider for investment [1] - The company announced a $60 million investment in its Tours, France plant to establish an experimental line for advanced semiconductor manufacturing technology [1] - A significant restructuring is planned for October, involving the transfer of aging chipmaking lines away from Tours [1] Technology and Production - The new technology, known as Panel-Level Packaging (PLP), allows STMicroelectronics to produce chips on large square panels instead of traditional small circular silicon wafers [2] - The company currently produces over five million chips daily at its Muar, Malaysia plant using this technology for one customer [2] Product Range - STMicroelectronics manufactures a wide variety of analog, digital, and mixed-signal integrated circuits (ICs) and discrete devices for various applications, including industrial, automotive, consumer electronics, and communication [3]