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Taiwan imposes export controls on Huawei, SMIC, and some of their subsidiaries, restricting their access to tech and equipment necessary for AI chip production (Debby Wu/Bloomberg)

Debby Wu / Bloomberg : Taiwan imposes export controls on Huawei, SMIC, and some of their subsidiaries, restricting their access to tech a...

31 October 2024

STMicro reports Q3 net revenue down 25% YoY to $3.25B and expects FY 2024 revenue to fall 25% YoY to ~$13.27B, at the lower end of its $13.2B to $13.7B forecast (Christina Kyriasoglou/Bloomberg)

Christina Kyriasoglou / Bloomberg:
STMicro reports Q3 net revenue down 25% YoY to $3.25B and expects FY 2024 revenue to fall 25% YoY to ~$13.27B, at the lower end of its $13.2B to $13.7B forecast  —  - Revenue for the year will come in at the lower end of range  — Company announces a cost-cutting program for manufacturing

Posted from: this blog via Microsoft Power Automate.

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