35 Chip Stocks In Focus Amid Tech Selloff

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33. STMicroelectronics N.V. (NYSE:STM)

Number of Hedge Fund Holders: 18      

STMicroelectronics N.V. (NYSE:STM) makes and sells semiconductor products. In the earnings of the fourth quarter of 2024, the company demonstrated solid financial health with net revenues of $3.32 billion, a gross margin of 37.7%, and an operating margin of 11.1%, supported by efficient cost management and consistent profitability. In February, the company announced its collaboration with HighTec EDV-Systeme for safer software-defined vehicles. The solution brings together HighTec’s Rust compiler, certified to ISO 26262 ASIL D, with ST’s Stellar, the first 28nm microcontroller to achieve the same safety standard. As Rust gains popularity in the automotive industry for its safety and reliability, this combination provides a strong, future-proof solution.

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