Moet mezelf wat corrigeren. In één of ander artikel op yahoo stond dat ST Microelectronics geen zicht had op het herstel.
Maar, na wat zoeken in bolero vind ik dit reuters based artikel, dat eigenlijk gewoon zegt : Q2 wordt beter, H2 wordt vlammen.
STMicro shares up on outlook for second half
08:58 (24/04) - Bron: Reuters
(Corrects to read Jean-Marc, paragraph 3)
* Sees growth in Q2, strong rebound in H2
* Shares up 3 pct
* Cuts capex target by $100 mln
* Q1 net revenue down 22 pct
By Mathieu Rosemain
PARIS, April 24 (Reuters) - Franco-Italian chipmaker
STMicroelectronics STM.PA struck an upbeat tone for the second
half of the year on Wednesday after a steep fall in quarterly
sales of sensors compelled it to trim its investment plans.
The supplier to iPhone maker Apple and electric
carmaker Tesla saw signs of recovery in the first
quarter and expects higher demand for industrial sensors and
silicon-carbide semiconductors, aimed at making electric cars
more independent.
"This, coupled with the financial stimulus programs in
China, is increasing our confidence level for improved market
conditions for the second half of 2019," Chief Executive Officer
Jean-Marc Chery told analysts on a conference call.
Chinese authorities last week pledged that they would
maintain policy support for the economy to fend off any
potential slowdown, following already announced tax cuts and
spending on infrastructure.
STMicro's shares were up by about 3 percent at 0913 GMT,
valuing the company at 14.4 billion euros ($16.15 billion).
The Geneva-based company said it had a clearer view of its
full-year revenue, which it expects to be between $9.45 billion
and $9.85 billion, largely unchanged from a year earlier, as it
adjusts to a volatile market seeking new sophisticated chips for
self-driving cars and AI-enabled devices.
On Wednesday South Korea's Samsung Electronics
indicated it would join the crowded field by investing $116
billion in non-memory chips through 2030 and challenge bigger
rivals such as TSMC and Qualcomm .
TRADE WAR
That move and STMicro's positive guidance contrasted with a
gloomy prediction from rival Texas Instruments , which
said the deceleration in demand from microchips may last a few
more quarters.
Heightened concerns over a prolonged U.S.-China trade war
and weakening smartphone sales have taken a toll on the global
semiconductor industry, even as the auto industry is driving
demand for self-driving vehicle sensors.
STMicro lowered its 2019 capital expenditure plan to
$1.1-1.2 billion from $1.3 billion.
Its first-quarter net revenue slumped by about 22 percent
from the previous quarter to $2.08 billion.
That was slightly below the $2.11 billion forecast by seven
analysts in estimates compiled for Reuters by Infront Data. The
gross margin for the period stood at 39.4 percent.
The group's business unit that sells sensors to the
smartphone industry was particularly affected, with net revenue
slumping by 44 percent from the previous quarter.
STMicro expects net revenue to grow by about 2.4 percent in
the second quarter, from the previous one.
It expects its gross margin to slip to about 38.5 percent in
the second quarter.