Reported about 8 hours ago
STMicroelectronics anticipates a sales increase in the fourth quarter, projecting revenues of $3.28 billion, up from $3.19 billion in the current quarter, signaling a potential recovery in its major markets after a prolonged downturn. Despite the positive outlook, the company has reduced its capital expenditure plans for 2025 to slightly below $2 billion, reflecting current market conditions. CEO Jean-Marc Chery emphasized the focus on innovation and restructuring manufacturing to meet the challenges faced by the semiconductor industry.
Source: YAHOO