Chipmaker STMicro's Q4 forecast hit by weak auto sales
By Nathan Vifflin (Reuters) -STMicroelectronics on Thursday forecast fourth quarter sales below market expectations, as weak automotive sales spoiled a recovery in its main markets, sending its shares lower. STM, which is one of Europe's largest chipmakers, expects fourth quarter revenue of 3.19 billion it reported this quarter. That's below the average analyst forecast of $3.34 billion, according to LSEG data. The Franco-Italian firm, whose top clients include Tesla and Appl ...