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STMicroelectronics Predicts Sales Decline on Wireless Slump
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STMicroelectronics NV, Europe’s largest semiconductor maker, predicted that first-quarter revenue will fall as much as 10 percent from the previous three months because of lower sales at its wireless business.
Revenue will decline to within a range of $1.97 billion to $2.1 billion from $2.19 billion in the fourth quarter because of “a very significantly weaker revenue performance from ST-Ericsson,” its wireless-chip joint venture with Ericsson AB, the Geneva-based company said in a statement.