Ahead of this afternoon's Q2 report, STMicroelectronics (STM -0.7%) announces it's investing...

|About: STMicroelectronics NV (STM)|By:, SA News Editor

Ahead of this afternoon's Q2 report, STMicroelectronics (STM -0.7%) announces it's investing €1.3B ($1.7B) through 2017 on R&D for CPUs that will go into a variety of mobile and embedded devices. The French government, which together with the Italian government owns 27.5% of STM, will be contributing €600M to the project, in tandem with regional/municipal authorities. (PR)