April 25 (Reuters) - European chipmaker
STMicroelectronics on Thursday lowered its full-year
sales guidance, the latest semiconductor company to struggle
with weakening demand from carmakers and a further decline in
orders from laptop and phone companies.
The company, whose clients include Tesla and Apple ( AAPL )
, said it expects revenue in the range of $14 billion to
$15 billion for 2024, down from its previous forecast range of
$15.9 billion to $16.9 billion.
Analysts polled by LSEG were expecting revenue of $16.1
billion for the year.