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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 accelerated," said CEO Jean-Marc Chery in a statement.