World, As Seen from the most beautiful islands: Ireland and Cyprus

STMicro revises turnover: the growth is outstanding

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European chip group STMicroelectronics is more positive about its turnover for this year. The revenue forecast was revised upward to a range of $ 9.25 billion to $ 9.65 billion. It was previously aimed at an amount between 8.8 billion and 9.5 billion dollars.

For the third quarter, the company expects revenues of $ 2.45 billion, which is more than average analysts had predicted. STMicroelectronics points to new products being introduced and improved conditions in the chip sector. The company is a supplier to Apple and Tesla, among others. Capital expenditures are estimated at $ 1.2 billion this year.


Written by: Liam O'Reilly

Liam O'Reilly is the founder of the publication, a former analyst at a major reputation agency in the UK, who chose Cyprus as his home.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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