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Record third-quarter profits for semiconductor firms, driven by the AI boom, are fueling concerns of a market bubble. Investors are now rotating capital from overvalued tech giants to cyclical and small-cap stocks, signaling a potential shift in market leadership.
STMicroelectronics has secured a €1 billion credit line from the European Investment Bank, with an initial €500 million tranche signed. The financing is aimed at expanding European semiconductor manufacturing and R&D to bolster regional technological sovereignty.