STMicro, Maxim Integrated Products Among Big Chip Gainers

Several chip manufacturers blasted higher Friday on upbeat quarterly earnings reports, including STMicroelectronics (STM) and Maxim Integrated Products (MXIM).

European chipmaker STMicroelectronics on Thursday reported fourth-quarter earnings that beat expectations and sales that matched Wall Street's target. It also gave Q1 guidance that topped views.

U.S. shares of STMicro jumped to their highest level in over eight years on Friday. Shares rose 5.1% to 13.59 on the stock market today....

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