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STMicroelectronics Q3 results fall short; China autos hurt

2015-10-29 21:37:58| Electronics - Topix.net

Oct 29 Franco-Italian chipmaker STMicroelectronics on Thursday posted weaker-than-expected quarterly results and said lower demand in China, especially its automotive business, had led it to cut manufacturing and lower its fourth-quarter outlook. Europe's largest semiconductor maker reported third-quarter net revenue of $1.76 billion, a decline of 6.5 percent from the year-ago quarter.

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Category:Electronics and Electrical

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