STMicro strikes long-term solar deal for Malaysia chipmaking unit
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STMicroelectronics has entered a long-term solar energy agreement with BKH Solar to power its test and assembly site in southern Malaysia.
November 07, 2024 | 11:00 am
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POSITIVE IMPACT
STMicroelectronics has signed a long-term solar energy deal with BKH Solar to power its Malaysian chipmaking unit, enhancing its sustainability efforts.
The partnership with BKH Solar is a strategic move for STMicroelectronics, aligning with global sustainability trends and potentially reducing operational costs. This could positively impact investor sentiment and STM's stock price in the short term.
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