Reported 2 months ago
STMicroelectronics' CEO Jean-Marc Chery reported signs of an upturn in the semiconductor market, indicating that demand could improve in the upcoming quarters, provided geopolitics do not introduce significant disruptions. Despite a prolonged slump in orders due to overcapacity and low demand, the company expects to meet its revenue guidance of $2.71 billion for the second quarter. While demand remains strongest in China and weakest in Europe, Chery remains cautious about potential trade tensions affecting future growth.
Source: YAHOO