STMicroelectronics’ (NYSE:STM) CEO says at an investor conference that “all indicators are positive” but the cyclical semiconductor market isn’t in a “supercycle.”

CEO Carlo Bozotti presented at the Morgan Stanley Technology, Media and Telecoms Conference. 

Bozotti: “Frankly, we have in front of us additional opportunity to grow further with the visibility we now have.” 

STMicroelectronics shares are up 1.67%.   

Previously: STMicroelectronics reports Q3, guidance beats; shares +6.8% (Oct. 26)