CEO of STMicroelectronics Jean-Marc Chery poses for a photo during the 5th edition of the "Choose France" Business Summit, at the Palace of Versailles, southwest of Paris, France, July 11, 2022. Ludovic Marin/Pool via REUTERS
(Reuters) -STMicroelectronics' Chief Executive Jean-Marc Chery said he expects 2026 to start at usual levels, noting that a weaker recovery than expected this year will not lead to the accumulation of inventory at its customers.
Speaking at a Morgan Stanley conference, Chery projected first-quarter revenue to decline 10% to 11% from the upcoming fourth quarter it forecast at $3.28 billion, while still marking about 20% growth from a year earlier.
