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STMicroelectronics Sales: STMicro sees Q1 sales well below estimates as auto chip demand softens, ET Auto

STMicroelectronics Sales: The company, whose clients include Tesla and Apple, expects first-quarter revenue of USD 3.6 billion, down from USD 4.25 billion a year earlier. That is 11% below analysts consensus estimate, according to LSEG. STMicro shares were down over 4% in early trade. ....

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Japan's Nidec cuts profit forecast 18% on tough China EV competition, ET Auto

Nidec has invested heavily in developing and manufacturing an e-axle traction motor that combines an EV s gear, motor and power-control electronics, and is keen to expand the business in China and parts of Europe. ....

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