STMicro sees better quarterly sales after bottom-of-year first quarter

Share via:


STMicroelectronics forecast improving sales for the second quarter on Thursday after its first-quarter result, which the chipmaker called the bottom point of the year, met its earlier expectations.

The company’s shares rose as much as 4% in early trading to the top of France’s main index CAC 40.

Chipmakers exposed to the automotive and industrial markets, like STMicro, NXP and Siltronic, have faced a multi-year long slump in sales. That led STMicro’s operating income to collapse 99.5% year-on-year in the first quarter.

One of Europe’s largest…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

STMicro sees better quarterly sales after bottom-of-year first quarter


STMicroelectronics forecast improving sales for the second quarter on Thursday after its first-quarter result, which the chipmaker called the bottom point of the year, met its earlier expectations.

The company’s shares rose as much as 4% in early trading to the top of France’s main index CAC 40.

Chipmakers exposed to the automotive and industrial markets, like STMicro, NXP and Siltronic, have faced a multi-year long slump in sales. That led STMicro’s operating income to collapse 99.5% year-on-year in the first quarter.

One of Europe’s largest…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

My Antigravity A1 Review: What I Learned Testing the...

Most drones ship with a remote control that uses...

Commodore International challenges Italian rival’s trademarks in escalating brand...

Commodore International Corporation has initiated legal action against Italian...

Popular