STMicro supplies analogue chips to automakers and industrial companies, which have been grappling with tariff threats after US President Donald Trump started a trade war last year. That uncertainty has threatened to prolong a demand slump after customers amassed an oversupply of chips following shortages during the Covid-19 pandemic.
(Jan 29): STMicroelectronics NV, a chip supplier for Tesla Inc and Apple Inc, forecast first-quarter revenue that beat analysts’ estimates after demand from consumer electronics customers showed signs of recovery at the end of last year.
First-quarter revenue is expected to be US$3.04 billion, the Franco-Italian chipmaker said in a statement on Thursday. That compares to the average analyst estimate of US$2.92 billion, according to data compiled by Bloomberg.
