Article 6PFW0 STMicroelectronics sees sharp decline in Q2 earnings amid weak auto sector demand

STMicroelectronics sees sharp decline in Q2 earnings amid weak auto sector demand

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from The Register on (#6PFW0)
Story ImageNXP Semiconductors and Texas Instruments also hit by slowdown

Euro chipmaker STMicroelectronics saw revenue and net income slump in Q2 of this year, blaming low demand in the automotive sector while orders elsewhere failed to meet expectations, in a hint that the semiconductor industry is still in a rough patch....

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