STMicro signs $500 million supply deal with China's Huawei

TOULOUSE, FRANCE - French microchip maker STMicro signed a $500 million with China's Huawei on Thursday to bolster its supply relationship with the Chinese telecom equipment provider, the French government said in a statement. The five-year deal, signed during a visit to France by Chinese Prime Minister Li Keqiang, is expected to lead to an increase in orders for the semiconductor manufacturer, the statement said. - Reuters