:European chipmaker STMicroelectronics on Thursday projected improvement in third-quarter sales as it slightly beat market expectations for the second quarter, defying earlier downbeat statements by some of its peers. STM said it expects third-quarter net revenues of $4.38 billion, a touch above th
:European chipmaker STMicroelectronics on Thursday projected improvement in third-quarter sales as it slightly beat market expectations for the second quarter, defying earlier downbeat statements by some of its peers.
Chipmakers have been flagging weaker demand, with rival Texas Instruments saying earlier this week that some clients were cancelling orders, while Taiwan's TSMC said that even booming AI chips have not offset weakness in the broader market.
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