Feeds

STMicro cuts Q2 sales forecasts

Order postponements

  • alert
  • submit to reddit

STMicroelectronics has slashed Q2 revenue forecasts. It expects to have sales of $1.55 billion to $1.6 billion, down on the $1.65 billion to $1.8 billion it forecast earlier.

The company says it has been hit by order postponements and lower than expected utilisation rates of its 6-inch wafer fabs.

It also said sales of memory products would decline from Q1 levels because of pricing pressure and slowing demand. ®

Related Story

STMicro cuts 2001 budget

Whitepapers

Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Internet Security Threat Report 2014
An overview and analysis of the year in global threat activity: identify, analyze, and provide commentary on emerging trends in the dynamic threat landscape.