STMicroelectronics (+2.61% to 25.93 euros) shines at the top of the flagship index of the Parisian market, against a declining market. The semiconductor manufacturer, whose action has fallen 42% since the start of the year, is supported by its German counterpart Infineon Technologies (+5.1% in Frankfurt) which published more solid results than expected for the past quarter. However, Infineon indicated that it expects a decline in its turnover during the financial year which ends in September 2025.
Its revised forecasts are explained by the persistent weakness in demand for chips intended for automobiles, industry and consumer electronics.
While orders for chips intended to power AI in data centers are up sharply, those from manufacturers of smartphones, laptops, electric cars and industrial equipment remain relatively sluggish, the latter having built up stocks in recent years .
At the beginning of November, STMicroelectronics was penalized by several downgrades from brokers, including that of Morgan Stanley. They were reacting to announcements from the semiconductor manufacturer, which issued its third warning since the start of the year due to its exposure to automobiles and industry. The Franco-Italian firm also warned that the drop in turnover between the fourth quarter of 2024 and the first quarter of 2025 should be much higher than normal seasonality.
STMicroelectronics has set November 20 as the next meeting with investors, for a day dedicated to them.
