Marc Chery News Today

GENEVA (dpa-AFX) - Semiconductor major STMicroelectronics N.V. announced Friday its plan to build a new manufacturing facility in Catania, Italy for the mass production of 200mm silicon carbide

STM reported 18.4% revenue decline in Q1 2024, missed consensus estimates. Margins decreased and outlook for Q2 and 2024 is lower than expected.

Q1 2024 Earnings Results Jean-Marc Chery, President & CEO April 25, 2024 Good morning everyone...

PR No: C3254C STMicroelectronics Reports 2024 First Quarter Financial Results Q1 net revenues $3.47 billion; gross margin 41.7%; operating...

(Reuters) -European chipmaker STMicroelectronics on Thursday lowered its full-year sales guidance, the latest semiconductor company to struggle with weakening demand from carmakers and a further decline in orders from laptop and phone companies. Analysts polled by LSEG were expecting revenue of $16.1 billion for the year. "During the quarter, automotive semiconductor demand slowed down compared to our expectations, entering a deceleration phase, while the ongoing industrial correction acc...

ST had Q1 net revenues down 18.4% y-o-y at $3.47 billion for a gross profit down 31.6% y-o-y at $1.44 billion, a gross margin of 41.7%, an operating

Stmicroelectronics: STM is a major maker of automotive chips and microcontrollers, competing with companies who make chips at less advanced manufacturing nodes (sizes) such as Texas Instruments, NXP, ON Semiconductor and Renesas.

AMSTERDAM (Reuters) -China remains an important growth market for French-Italian semiconductor STMicroelectronics, despite increasing U.S-China tensions over semiconductors, the company's chief executive said on Tuesday. Speaking at a Citi technology conference in London, CEO Jean-Marc Chery said the company is not daunted by plans by Chinese chipmakers to invest in relatively older generations of chips, following a US-led campaign to prevent Chinese companies from being able to make their ...

Speaking at a Citi technology conference in London, CEO Jean-Marc Chery said the company is not daunted by plans by Chinese chipmakers to invest in relatively older generations of chips, following a US-led campaign to prevent Chinese companies from being able to make their own advanced chips.

The company, whose clients include Tesla and Apple, expects first-quarter revenue of $3.6 billion, down from $4.25 billion a year earlier. That is 11% below analysts consensus estimate, according to LSEG.