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25.04.25 - 08:42
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STMicro offers rosy outlook, but guidance clouds persist amid tariff uncertainty (Digitimes)
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STMicroelectronics offered a better-than-expected revenue forecast for the second quarter, suggesting a potential recovery in demand for automotive and industrial semiconductors. However, weaker-than-expected gross margin guidance and the absence of a full-year outlook tempered optimism, leaving analysts divided over whether the uptick reflects genuine demand or a short-term boost from tariff-related inventory moves....
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31.01.25 - 16:42
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Thousands Of STMicro Layoffs Near After Gloom Outlook & Chip Slump (ZeroHedge)
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Thousands Of STMicro Layoffs Near After Gloom Outlook & Chip Slump
A day after STMicroelectronics—one of Europe's largest chipmakers—said that 2024 was one of the worst years for the industry and forecasted first-quarter revenue below the Bloomberg Consensus estimates, the company is reportedly planning to cut thousands of jobs.
Bloomberg cited sources close to the Franco-Italian chipmaker that say about 6% of the workforce could be slashed through early retirements and attrition amid a prolonged downturn in auto and industrial sectors.
Here's more from the report:
The job cuts under discussion, which could be announced as soon as next month, are in the range of 2,000 to 3,000 workers and will affect its operations in both Italy and France, according to the people, who asked not to be identified because the information isn't public. The decision isn't final and the scale of the reductions is still under review, the people added.
The Italian government, which together with Franc...
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30.01.25 - 11:15
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Chiphersteller STMicro enttäuscht mit schwachen Quartalsausblick (DPA-AFX)
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Der Chiphersteller STMicroelectronics rechnet nach einem Umsatz- und Gewinnrückgang im vergangenen Jahr mit einem schwachen Jahresbeginn. Die Nachfrage der Industrie sowie im Automobilgeschäft bleibe schwach, teilte das Unternehmen am Donnerstag in Genf mit. STMicro geht für das erste Quartal von einem deutlichen Umsatzrückgang im Vergleich zum Vorquartal aus. In der Mitte der Spanne sollen die Erlöse 2,51 Milliarden Dollar erreichen und damit rund ein Viertel weniger als im Vorquartal. Die Prognose lag unter den Erwartungen der Analysten..
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