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Apple Supplier STM Aims to Bolster Flagship Smartphones Business, CEO Says

STMicroelecronics (STM) , a supplier of semiconductors to major tech players such as Apple (AAPL) , Cisco Systems (CSCO) , and Samsung Electronics (SSNLF) wants to be "more present" in flagship smartphones, CEO Carlo Bozotti said.

While the outlook for the smartphone market is not as straightforward as the automotive market, from which the company expects to reap benefits "for several years," Bozotti told TheStreet he wants to grab the opportunities that lie in an area where giants such as Apple, Samsung, and China's Huawei...