Reported 2 days ago
STMicroelectronics predicts improved sales for the second quarter of 2025, despite concerns over U.S. tariffs, noting that these tariffs have not yet caused panic among customers. CEO Jean-Marc Chery highlighted potential benefits if competitors lose market share due to tariff disputes. However, he acknowledged the challenges posed to global automotive production and suggested a cautious approach to adapting supply chains. The company forecasts a revenue of $2.71 billion for the upcoming quarter, exceeding analyst expectations while remaining lower than last year.
Source: YAHOO