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STMicro Plans Major Restructuring

Tesla, Inc. TSLA and Apple Inc. AAPL +0.40%  supplier STMicroelectronics’ manufacturing operations aim to prioritize planned investments in future-ready infrastructure, such as 300mm silicon and 200mm silicon carbide wafer fabs.STMicroelectronics plans to continue investing in upgrading the technology used across its operations, deploying additional AI and automation to improve efficiency in technology R&D and manufacturing.As STMicroelectronics reshapes its manufacturing footprint over the next three years, the workforce size and required skill sets will evolve. Advanced manufacturing will shift roles from legacy processes involving repetitive manual tasks to a stronger focus on process control, automation, and design. Should the world start to prepare fr massive lay offs ?

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