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STMicro says it is confident it will achieve H2 targets

PARIS, July 26 (Reuters) - STMicroelectronics said on Wednesday it was "well-positioned" to achieve its second-half financial targets, after reporting a 13 percent jump of its quarterly net revenues from a year ago.

Second-quarter net revenues stood at $1.92 billion, reflecting a gross margin of 38.3 percent, above the company's guidance, the Franco-Italian chipmaker said in a statement.

The Geneva-based company, which has cut jobs and reorganised itself last year, is benefiting from growing...