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STMicro: Oddo confirms rating after two agreements

(CercleFinance.com) - STMicro has signed a new LT supply agreement with Rohm.

In addition, yesterday the group already announced signing a multi-year agreement for the supply of silicon carbide (SiC) wafers with SiCrystal.

Thereby STM strengthens its leading position on this market and strengthens the assumption that it will reach target sales of 1 billion dollars in 2025 (vs. 200 million dollars in 2019), Oddo points out.

Oddo confirms its "Buy" rating on the share with a target price of 28 euros.

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