<p>➀ ST reaches agreement to avoid layoffs at its Agrate site in Italy, abandoning initial plans for 1,200 redundancies in the country;</p><p>➁ The decision follows negotiations with Italian unions and government, with no structural changes planned at other Italian sites;</p><p>➂ ST attributes challenges to slow EV market adoption impacting its SiC business but eyes Agrate expansion by 2027 amid improved market conditions.</p>