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STMicroelectronics forecasts drop in Q2 revenue as demand softens

Wednesday 22 April 2020 | 10:27 CET | News
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STMicroelectronics reported first-quarter revenues of USD 2.23 billion, up 7.5 percent from a year earlier and at the low end of its guidance. The company said manufacturing and logistics were impacted by the Covid-19 pandemic and related government measures and these will continue to weigh on results in Q2. The chipmaker lowered its capex forecast for the full year. 

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Categories: General
Companies: STMicroelectronics
Countries: World
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