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Apple Supplier STM Expected to Report Profit Surge for Recent Quarter

STMicroelectronics (STM) , a supplier of semiconductors to major electronics players including Apple (AAPL) and Cisco Systems (CSCO) , is expected to report a 2016 profit surge thanks to robust demand for smartphone, automotive, and Internet of Things products, as well as boosts from a newly acquired business.

The Geneva, Switzerland-based company is scheduled to release earnings results for the year ended December at 0600 GMT Thursday.

A consensus of 27 analysts...