FILE PHOTO: The logo of electronics and semiconductors manufacturer STMIcroelectronics is seen outside a company building in Montrouge, near Paris, France, July 12, 2022. REUTERS/Sarah Meyssonnier/File Photo
(Reuters) -European chipmaker STMicroelectronics on Thursday said its full-year revenue would come at the low end of the earlier guidance range, its third cut to the outlook this year amid weak demand from its industrial clients.
Automotive semiconductor companies like STMicroelectronics, Texas Instruments and Melexis are facing weakness in industrial markets as customers cut orders due to high inventories and falling car demand.
