Franco-Italian chip company STMicro reports Q1 revenue down 18% YoY to $3.47B, below $3.63B est., and expects Q2 sales down 26% YoY to $3.2B, below $3.79B est. (Jillian Deutsch/Bloomberg)

Posted on April 25, 2024
By
In Consumer Assistance
Leave a comment

Jillian Deutsch / Bloomberg:
Franco-Italian chip company STMicro reports Q1 revenue down 18% YoY to $3.47B, below $3.63B est., and expects Q2 sales down 26% YoY to $3.2B, below $3.79B est. — – Chipmaker says slower automotive demand hurt recent sales — Full-year forecast lowered to $14 billion to $15 billion

No comment yet, add your voice below!

Add a Comment Cancel reply