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UPDATE 2-Chipmaker ST sees worsening market conditions for two more quarters

2015-10-29 16:36:00| Semiconductors - Topix.net

Franco-Italian chipmaker STMicroelectronics on Thursday posted weaker-than-expected quarterly results and said lower spending in China, especially on autos, had led it to cut back its manufacturing plans and reduce its fourth-quarter outlook. Europe's largest semiconductor maker reported third-quarter net revenue of $1.76 billion , a decline of 6.5 percent from the year-ago quarter.

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Category:Electronics and Electrical

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