STMicro posts third-quarter loss as Asian demand sputters

[Wireless News]

By Leila Abboud (Reuters) - STMicroelectronics NV posted a quarterly net loss after demand weakened from Asian smartphone and electronics makers, as Europe's largest maker of semiconductors grappled with strong competition in the mobile market. The company, whose chips are used in cars, computers and mobile phones, reported quarterly net revenue of $2.01 billion, down from $2.17 billion in the year-ago quarter. Ahead of the results, Bernstein and JP Morgan analysts said STMicro could also be affected by the decline of smartphone maker Blackberry, for which it produced chips for camera modules. ...

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