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

03 Jul, 2015 11:15 am

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

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