STMicroelectronics CEO: The Chinese market is very important, and cooperation with Huahong is underway. On November 21st Beijing time, STMicroelectronics (STM. N) announced at an investor event that the company is collaborating with Huahong, a Chinese wafer foundry (688347. SH). STMicroelectronics CEO Jean Marc Chery stated that if the company loses market share in China, it will weaken its competitiveness in the fierce market competition.