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BTCC / BTCC Square / Global Cryptocurrency /
STMicro Shares Rise on Strong Q3 Performance Driven by Tesla and Apple Demand

STMicro Shares Rise on Strong Q3 Performance Driven by Tesla and Apple Demand

Author:
Global Cryptocurrency
Published:
2025-10-23 11:19:01
6
1
BTCCSquare news:

STMicroelectronics NV reported better-than-expected third-quarter results as demand for its chips from Tesla Inc. and Apple Inc. fueled growth. The company's CEO Jean-Marc Chery emphasized accelerating innovation and optimizing manufacturing capabilities, though revenue projections still lag behind analyst estimates.

While the broader semiconductor market struggles with post-COVID weakness in consumer electronics, automotive, and industrial sectors, STMicro shows tentative signs of recovery. The firm notably reduced its 2025 capital expenditure forecast to just under $2 billion, citing challenging market conditions.

The company continues supplying key clients during their own technological transitions - most notably Apple's anticipated shift to 2-nanometer chips for future iPhone models. This comes as competitor Texas Instruments Inc. delivered a disappointing outlook, creating divergent narratives in the semiconductor space.

|Square

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