CONNECT WITH US

STMicro's worst year in decades: sales drop, job cuts amid continuous market slump

Mavis Tsai, Taipei; Levi Li, DIGITIMES Asia 0

Credit: AFP

STMicroelectronics (STMicro) plans to cut 2,000 to 3,000 jobs, approximately 6% of its global workforce, through early retirement programs or natural attrition as it grapples with persistent downturns in the industrial and automotive sectors.

The article requires paid subscription. Subscribe Now