STMicroelectronics CEO sees signs of market upcycle, to meet Q2 targets
June 4 (Reuters) - STMicroelectronics' (STMPA.PA), opens new tab chief executive said on Wednesday that the French-Italian chipmaker has seen signs of an upcycle — a period of increased market demand — which will boost its results in the coming quarters.
Speaking at an event hosted by BNP Paribas, CEO Jean-Marc Chery said STMicro would deliver at least the mid-point of its second-quarter guidance. It had forecast, opens new tab revenue of $2.71 billion at mid-point for the quarter in its last earnings report.
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