When the industrial chip is inclined to lingers

(Bloomberg) -N because the demand of chip manufacturers in the industry and automotive industry is still weak, StMicroelectronics NV, which lacks the expectations of analysts, predicts the first quarter revenue.

Franco-Italy’s statement on Thursday said that the income of the current period was $ 2.51 billion. In contrast, the average estimation of analysts surveyed by Bloomberg News Agency was 2.73 billion US dollars.

According to the company’s manufacturing chips for Apple Inc. and Tesla Inc., the revenue in the fourth quarter concluded that the revenue was reduced to US $ 3.32 billion a year ago.

CEO Jean-Marc Chery said in a statement: “We continue to face delayed industrial recovery and inventory correction, especially in Europe, especially in Europe.”

STMicro produces mature chips, which is largely bypassed the prosperity of artificial intelligence’s senior semiconductor to a large extent. There is a chip inventory for industrial applications, cars and smartphones, and there are almost no signs of ending. STMICRO competitors Texas Instruments Inc. made disappointing predictions on the current period last week, the reason is that the demand is slow and the manufacturing cost is higher.

Last year, STMICRO’s shares lost 42 %.

Bloomberg Intelligence Analyst Ken Hui said before the release of the results that Tesla’s pre -delivery delivery and Apple’s narrowing global iPhone shipping to STMICRO in the previous quarter brought challenges.

For the first time last year, Tesla’s annual vehicle sales declined for the first time. In the fourth quarter, the company’s car ratio is 3.3 % less car.

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