STMicroelectronics' supervisory board on April 10, 2025, denied allegations of insider trading concerning two members of its managing board. The denial came after Italy's Economy Minister Giancarlo Giorgetti publicly accused STMicro's management of selling shares a day before reporting negative results.
The allegations and subsequent denial highlight a period of heightened scrutiny and internal conflict within the company. Such accusations, particularly involving senior executives, can significantly impact investor confidence and corporate governance perceptions.
This development occurred amidst broader tensions, including the Italian government's opposition to STMicro's CEO Jean-Marc Chery and ongoing discussions about the company's commitment to investments and job levels in Italy.
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