熔断！意法半导体股价暴跌！

Core Viewpoint - The semiconductor industry is facing challenges in sustaining recovery, as evidenced by STMicroelectronics' lower-than-expected revenue forecast and reduced capital expenditure plans, raising concerns about the industry's overall health [2][4]. Group 1: Company Performance - STMicroelectronics forecasts Q4 revenue at $3.28 billion, below analysts' expectations of $3.35 billion, indicating potential struggles in the mature semiconductor sector [2]. - The company's Q3 revenue declined by 2% year-over-year to $3.187 billion, with net profit dropping from $351 million to $267 million, and a slight decrease in gross margin to 33.2% [4]. - The CEO stated that the company anticipates a 22.4% growth in the second half of the year compared to the first half, projecting full-year revenue for 2025 at approximately $11.75 billion [4]. Group 2: Market Conditions - The semiconductor industry is threatened by escalating geopolitical tensions, which could impact the recovery from previous inventory surpluses [4]. - Demand recovery remains slow following the pandemic-induced chip supply shortages, leading to customer inventory accumulation [4]. - Competitor Texas Instruments also reported disappointing earnings forecasts, highlighting reduced orders from customers due to trade tensions and economic instability [4].