STMicro earnings beat estimates on demand for next-generation chips
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(Reuters) - Franco-Italian chipmaker STMicroelectronics' fourth-quarter results beat analysts estimates on Thursday as demand for chips dedicated to the next generation of smartphones and low-emission cars helped offset a slowdown in more traditional products. STMicro's results reflect a wider industry move towards more sophisticated semiconductors within the telecoms, auto and manufacturing sectors, as equipment makers gear up for the deployment of the new mobile Internet infrastructure, or..