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STMicro raises outlook as high chip demand drives plants at full steam

Franco-Italian chipmaker STMicroelectronics raised full-year sales and investment outlook on Thursday as surging demand from car and phone makers boosted second-quarter profits and kept its factories under pressure to meet orders.

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Franco-Italian chipmaker STMicroelectronics raised full-year sales and investment outlook on Thursday as surging demand from car and phone makers boosted second-quarter profits and kept its factories under pressure to meet orders.

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