Europe's largest chipmaker STMicroelectronics reiterated on Wednesday that mergers and acquisitions were not a priority for now as its focuses on boosting sales and restructuring its digital products division. Speaking at the annual Morgan Stanley TMT conference in Barcelona, Spain, ST Chief Executive Carlo Bozotti said he could not rule out M&A becoming important for ST in the future, but it is "not on the table today"."Our priority is No. 1: growth, and No. 2: resolve the problem in our digital products group," Bozotti said.The Franco-Italian chipmaker has refrained from taking part in a global consolidation wave in the semiconductor industry over the past year that continues at a breathless pace.
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