STMicroelectronics N.V.

STMicroelectronics, the Franco-Italian chipmaker headquartered in Geneva, is one of Europe's largest semiconductor companies, making the power chips, sensors and microcontrollers that go into cars, industrial equipment and smartphones. It sits on the long-term trends of electrification and automation, though its earnings swing sharply with the chip cycle. ST pays a small dividend and prioritises reinvestment in factories and research, so the yield is minimal and the payout modest. Investors buy the stock chiefly for exposure to structural growth in automotive and industrial chips rather than for income.