China's No 2 foundry to make legacy chips for Europe's STM, serving mainland market

By Yahoo! Finance | Nov 22, 2024 at 03:41 AM EST

STMicroelectronics will outsource legacy chip production to China's Hua Hong Semiconductor to mitigate supply chain risks and cater to the local market. This move reflects China's growing influence in legacy chip sector amid global semiconductor supply chain disruptions.

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