Chipmaker STMicro Posts First Loss in over a Decade

Chipmaker STMicro posts first loss in over a decade

French-Italian firm, whose clients include Tesla and Apple, books $190m charge for restructuring and impairment costs

Chipmaker STMicro makes first loss in over a decade, hit by restructuring costs

Chipmaker STMicro makes first loss in over a decade, hit by restructuring costsSTMicroelectronics reported a second-quarter loss, driven by restructuring costs, affecting shares and market expectations. The post Chipmaker STMicro makes first loss in over a decade, hit by restructuring costs first appeared on The Dispatch.

STMicro, hit by restructuring costs, makes first loss in over a decade

The company's shares fell 11% in early trade, on track for their worst day since July last year.