“STMicroelectronics NV (STM) fell the most in more than two months in Paris after Europe’s largest semiconductor maker reduced its gross margin forecast because of an arbitration award.
STMicroelectronics declined as much as 5.9 percent to 5.44 euros, the biggest intraday drop since Jan. 24, and was down 5.7 percent at 5.45 euros as of 1:39 p.m.”
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