ST Seeks to Power Through the Latest Chip Industry Slowdown
STMicro reported decent fourth-quarter results and provided investors with a predictably soft first-quarter forecast with declining chip demand from Apple and a broad base of Chinese manufacturers. The far bigger news, in our view, was ST's bullish views on its end markets. ST said it expects the first quarter to be a bottom for its China business;Â it anticipates sequential sales growth in the second quarter and an acceleration of such growth in the second half of 2019. ST also believes that the...
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