STMicroelectronics Considers Workforce Reductions Amid Ongoing Chip Market Decline
20 days ago
In a significant announcement, STMicroelectronics has indicated plans to potentially reduce its workforce by up to 6% as the ongoing slump in the semiconductor market continues to challenge the company’s operations. This decision reflects a broader trend impacting the global chip industry, which has been grappling with declining demand and inventory surpluses.
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STMicroelectronics Faces Revenue Setback Amid Ongoing Industrial Chip Decline
22 days ago
STMicroelectronics, a prominent semiconductor manufacturer, has recently reported a disappointing revenue outlook, raising concerns among investors and industry analysts. The company attributes this shortfall to a sustained slump in demand for industrial chips, a sector that has seen better days but is currently struggling to regain momentum.
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