Chipmaker STMicro sees over 15% drop in Q1 sales after Q4 miss
[ EUROPEAN chipmaker STMicroelectronics on Thursday forecast an over 15% drop in first-quarter revenue, after its sales missed estimates in the fourth quarter on softer automotive growth and a further decline in orders from the industrial sector. Orders from the automotive industry have been helping chipmakers offset the impact from U.S.-China trade spats and sluggish … Read more
