Chipmaker STMicroelectronics is on the right path and next week’s earnings will make it official. STM stock is an IoT play.
STMicroelectronics NV (ADR) (NYSE:STM) is a Switzerland-based specialized semiconductor company. A few years ago, when RFID (radio frequency identification) chips were being touted as the new hot technology, STM stock attracted many investors looking for a stake in one of the biggest players as the subsector caught fire.
Today, RFID are chips are everywhere, primarily because of two key functions: They allow real time remote tracking of goods and they provide for much more efficient inspection of goods when they are being shipped from the factory to the retailer. The chips are in nearly every package that is delivered to you or embedded into the tags sewn on new clothing .
Source: STMicroelectronics NV (ADR) (STM) Stock Evolves to IoT Play As Sector Expands | InvestorPlace