The logo of electronics and semiconductors manufacturer STMIcroelectronics is seen outside a company building in Montrouge, near Paris, France, July 12, 2022. REUTERS/Sarah Meyssonnier
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 demand for personal electronics.
