STMicroelectronics CEO Jean-Marc Chery stated on June 4, 2025, that the company has observed signs of an upcycle in market demand, which is expected to boost results in the coming quarters. He affirmed that STMicroelectronics would deliver at least the mid-point of its second-quarter guidance.
Chery also announced that STMicroelectronics expects 5,000 staff to leave the company over the next three years. This figure includes the 2,800 job cuts announced earlier this year as part of the company's restructuring program, with an additional 2,000 departures anticipated naturally and others through voluntary programs.
While acknowledging the positive market developments, the CEO maintained caution regarding geopolitical trade tensions, which could potentially disrupt the positive trajectory. This comprehensive restructuring and market outlook update provides critical information for investors on the company's operational and strategic direction.
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