Similarly,
Stmicro recorded its first loss new: Meanwhile,
Stmicro recorded its first loss:
The Stmicro logo on one of the group’s buildings. Consequently, (Credits: Adobe Stock)
Stmicroelectronics Stmpa.pa announced Thursday a loss in the second quarter. Meanwhile, the first for more than ten years, less than market expectations, due to restructuring costs. Therefore,
The actions of the company fell 11 % in the first exchanges. Therefore, in the process of reaching their worst day since July of last year. Consequently,
The manufacturer of Franco-Italian fleas, which produces feeding chips for tesla tsla.o and ESIM modules for Apple AAPPL.O modules, recorded a loss of $ 133 million for the quarter, missing the stmicro recorded its first loss new average benefit of 56.2 million dollars that analysts stmicro recorded its first loss were waiting for an LSEG survey. Therefore,
Operating loss includes a depreciation of $ 190 million, restructuring charges and other costs, Stmicro said in a statement. Furthermore, Without the costs of restructuring and depreciation, the profits would have reached $ 57 million, added the company.
The high dependence of Stmicro with regard to internal manufacturing. which represents around 80 % of its sales. has disabled it with underused factories and high staff costs when the market slows down, unlike its Infineon IFXGN.
The manufacturers of fleas exposed to the markets in difficulty of the automobile. industry and consumer chips, such as Stmicro, Texas Instruments TXN.O, or NXP NXPI.O, were faced with a drop in sales, struck by low demand, high stocks and geopolitical disturbances.
Stmicro. one of the largest stmicro recorded its first loss new flea manufacturers in Europe. unveiled a cost reduction plan last year to restructure its stmicro recorded its first loss production facilities and save hundreds of millions of dollars by 2027.
This plan. which provided for the abolition of 5. 000 jobs in France and Italy over the next three years, sparked a quarrel between the French and Italian governments, which jointly hold a 27.5 % participation in the company.
The director general of Stmicro. Jean-Marc Chery, defended her plan after the Italian government sought to oust it and accused the direction of initiate.
Stmicro did not provide forecasts for the whole of 2025. In June. the company said that it saw the first signs of an ascending cycle. or an increase in market demand, which would allow it to reach its turnover of 2.71 billion dollars for the second quarter.
Turnover increased stmicro recorded its first loss new from $ 2.52 billion to $ 2.76 billion in the second quarter, exceeding the target. STMICRO said it was now stmicro recorded its first loss expecting third quarter turnover to reach $ 3.17 billion, which is greater than the expectations of analysts who were tabling on $ 3.10 billion.
par nathan viflin
((Translation automated by Reuters using automatic learning. generative AI, please refer to the following warning: https://bit.ly/rtrsauto)))))
Stmicro recorded its first loss new
Stmicro recorded its first loss
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