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The company, whose clients include Tesla and Apple, expects first-quarter revenue of $3.6 billion, down from $4.25 billion a year earlier. That is 11% below analysts consensus estimate, according to LSEG. ....
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. ....
STMicro said it expects fourth quarter sales to fall about 3% year on year to $4.30 billion. Demand from car makers has helped the semiconductor sector offset the impact of US-China trade spats and sluggish demand for personal electronics. ....
Mukesh Ambani-led Reliance Industries has tied up with chipmaker Nvidia to develop Indias own foundation large language model. The petrochemicals-to-telecom conglomerate is also exploring an entry into semiconductor manufacturing. ....