Austria's ams OSRAM expects lower Q4 revenue, weak 2025 start

Quick Summary:

:Austrian semiconductor manufacturer ams OSRAM on Thursday forecast lower revenue in the fourth quarter due to uncertainty in the global automotive demand outlook and expects a weak first quarter in 2025 followed by a gradual recovery".

Automotive-focused companies such as ams ORSAM, STMicroelectronics , and Aixtron, have been hit by weaker automotive sales, particularly electric vehicles which contain more chips per car.

Analysts were expecting sales of 924 million euros for the quarter, according to a poll by Vara Research.

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Category: EconomyBusiness

Markets: SingaporeAustria

Topics: Million Forecast Year Fourth Euros Quarter First Expects Osram Automotive Revenue

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 14:44:35 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 236 words

Reading Time: 2 minutes read

Sentences: 13 lines

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News ID: 23458425

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