ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/stmicroelectronics” target=”_blank”>STMicroelectronics‘ supervisory board on Thursday denied allegations of insider trading concerning two members of the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/european-chipmaker” target=”_blank”>European chipmaker‘s managing board.
The statement came a day after Italy’s economy minister ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/giancarlo-giorgetti” target=”_blank”>Giancarlo Giorgetti accused STMicro’s management of having sold shares it held a day before reporting negative results.
“Stock sales done during company’s blackout period were made by company’s stock plan administrator, through an automatic procedure,” STMicro said in the statement.
Giorgetti also said the Italian government opposes STMicro’s…
