<p>➀ The Italian government is reportedly using the current downturn in the chip market to replace ST's French CEO, Jean-Marc Chéry, according to Les Echos.</p><p>➁ Despite both governments holding a 27.5% stake in ST, the Italian government believes the CEO should be Italian.</p><p>➂ This follows a history of Italian CEOs at ST, with the current French CEO, Chéry, being appointed after a months-long stalemate.</p>