(Reuters) – STMicroelectronics, one of Europe’s largest chipmakers, said on Thursday it expected sales to fall further in the first quarter of 2025, as the downturn seen in its key markets drags on into the new year.
The company, whose clients include Tesla and Apple, sees first-quarter revenue of $2.51 billion, down from the $3.47 billion it reported a year earlier.
Analysts polled by LSEG had forecast first-quarter revenue of $2.72 billion.
(Reporting by Nathan Vifflin and Leo Marchandon in Gdansk; editing by Milla Nissi)
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