STMicroelectronics, the European chipmaker, predicted a decrease of over 15% in first-quarter revenue on Thursday, falling significantly below market projections. This decline is attributed to weakened demand in the automotive sector and a continued decrease in orders from the industrial industry. The company, boasting clients such as Tesla and Apple, anticipates first-quarter revenue to be $3.6 billion, down from $4.25 billion in the previous year. This forecast is approximately 11% below the consensus estimate from analysts, as indicated by a
