STMicroelectronics is a global semiconductor company that designs and manufactures a wide range of integrated circuits and components for various applications across multiple industries. The company focuses on innovation in areas such as automotive, industrial, personal electronics, and the Internet of Things (IoT). With a commitment to sustainability and advanced technology, STMicroelectronics develops solutions that enhance connectivity, efficiency, and performance in electronic devices. Their extensive product portfolio includes microcontrollers, sensors, power management devices, and RF components, catering to the evolving needs of customers worldwide. Read More
STMicroelectronics reported Q2 results with higher revenues, beating expectations, but lower profitability due to restructuring and industry challenges.
The company, which currently employs 50,000 people worldwide, said it is in contact with stakeholders and authorities regarding the cost-cutting measures.
