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(Reuters) -European chipmaker STMicroelectronics on Thursday lowered its full-year sales guidance, the latest semiconductor company to struggle with weakening demand from carmakers and a further decline in orders from laptop and phone companies. Analysts polled by LSEG were expecting revenue of $16.1 billion for the year. "During the quarter, automotive semiconductor demand slowed down compared to our expectations, entering a deceleration phase, while the ongoing industrial correction accelerated," said CEO Jean-Marc Chery in a statement. ....
Investors have been on edge about chip demand after UMC s much larger peer TSMC shocked the market last week by dialling back its expectations for the sector s growth this year, especially in more mature technologies used in sectors like autos. ....
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WASHINGTON, Nov. 02, 2023 (GLOBE NEWSWIRE) The Sulfuric Acid Market is valued at USD 13.61 Billion in 2022 and is expected to reach USD 19.64 Billion by 2030 at a CAGR of 4.70% over the forecast period 2023-2030. Overview of the Sulfuric Acid Market The Sulfuric Acid market is a dynamic and pivotal segment of the chemical industry. It plays a crucial role in various industrial processes, making it a key component of our modern economy. In this comprehensive report, we delve into the Sulfuric ....