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The Italian-French Semiconductor (ST) Group was founded in 1987 by the merger of Italy's SGS Microelectronics and France's Thomson Semiconductor. In May 1998, SGS-THOMSON Microelectronics changed its name to Italian Semiconductor Co., Ltd. Italian Semiconductor is one of the largest semiconductor companies in the world. The company's full-year net income in 2019 is $9.56 billion; gross profit margin is 38.7%; operating profit margin is 12.6%; net profit is $1.032 billion.