The chip maker—which counts Apple, Samsung Electronics and Tesla among its customers—expects lower sales, as demand for legacy semiconductors remains subdued.

GENEVA (AP) — GENEVA (AP) — STMicroelectronics NV (STM) on Thursday reported fourth-quarter profit of $341 million. On a per-share basis, the Geneva-based company said it had net income of 37 cents.

STMicroelectronics STM is scheduled to report its third-quarter 2024 results on Oct. 31. For the third quarter, the company expects net revenues of $3.25 billion at the midpoint. The Zacks ...