Chip manufacturer StMicroelectronics saw the first quarter of 2025

The Nathan Vifflin and Leo Marchandon (Leo Marchandon) (Leo Marchandon)

(Reuters) -Stemicroelectronics, one of Europe’s largest chip manufacturers, said on Thursday that it is expected to further decline in the first quarter of 2025 because its main market in its main market is sluggish Live until the new year.

CEO Jean-MARC Chery said in a statement: “Our book ratio is still less than 1 in the fourth quarter, because we continue to face industrial recovery and inventory correction, especially in particular, especially Car recovery in Europe, especially in Europe. ”

The company’s customers include Tesla and Apple’s first quarter revenue of $ 2.51 billion, lower than $ 3.47 billion in the same period last year.

This means that the first quarter fell by 27.6 %, and the same period last year fell 18.4 %.

STMICRO has warned in November that its revenue will be more seasonal than usual in the first quarter.

But guidance is even lower than the market expectations. LSEG voting analysts predict that the first quarter of revenue was 2.72 billion US dollars.

Last week, it was believed that the Dexas Instruments of STMICRO’s American peers (Dexas Instruments) was also considered a leading place in the industry last week, predicting the first quarter of profits below the market estimation because it worked hard in its main automotive and industrial market. Inventory accumulation.

STMICRO reports that the net income in the fourth quarter was US $ 341 million, defeating the average estimated value of analysts 326 million US dollars, because personal electronic revenue was high, although industrial revenue was low.

It also outlines its capital expenditure plan in 2025, and plans to invest $ 2 billion to US $ 2.3 billion. This decreased from US $ 2.53 billion last year and US $ 4 billion in 2023.

(Nathan Vifflin and Leo Marchandon’s report in GDANSK; editors of Milla Nissi)