Chipmaker STMicro reports second-quarter loss
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FILE PHOTO: A view of the slicing and grinding room at a STMicroelectronics plant in Catania, Italy May 31, 2024. REUTERS/Toby Sterling/File photo
AMSTERDAM (Reuters) -STMicroelectronics, one of Europe's largest chipmakers, reported a second-quarter loss on Thursday, a performance that was worse than market expectations.
The Franco-Italian chipmaker, which makes power chips for Tesla's drivetrains and eSim modules for Apple's iPhones, posted a loss of $133 million for the quarter, missing the average $56.2 million profit expected by analysts in an LSEG poll.
(Reporting by Nathan Vifflin in Amsterdam)
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