Apple Supplier STMicroelectronics Flags Improving Chip Sales

Core Insights - The European chip maker has returned to year-over-year growth driven by increased demand for chips across various sectors including personal electronics, communications, computer peripherals, and industrial machinery [1] Industry Summary - The demand for chips in personal electronics has contributed significantly to the growth of the European chip maker [1] - The communications sector has also shown a strong need for chips, aiding in the company's recovery [1] - Growth in the computer peripherals and industrial machinery markets has further supported the chip maker's positive performance [1]