STMicro sees Q1 sales well below estimates as auto chip demand softens – ET Auto
Baua Electric
JANUARY 25, 2024
“In Q4, our customer order bookings decreased compared to Q3. We continued to see stable end-demand in Automotive, no significant increase in Personal Electronics, and further deterioration in Industrial,” CEO Jean-Marc Chery said. The company posted fourth-quarter net revenue of USD 4.28 billion in an LSEG poll.
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