Reported 8 months ago
Belgium's Melexis, the leading semiconductor supplier, has lowered its Q4 sales forecast due to car manufacturers cutting inventories, leading to a decline in its shares to a four-year low. The company anticipates sales between 200 million and 210 million euros, significantly below the average analyst estimate of 255.1 million euros. While overall outlook remains uncertain, Melexis projects a rise in global car production in 2025 and notes stronger demand from China.
Source: YAHOO