Suppliers

Cost inflation seen by the safety equipment supplier in 2022 was the worst in three decades, CEO Mikael Bratt said.

STMicro sees sales growing 19 percent in the current quarter after posting net revenue of $4.4 billion for the last three months of 2022, a rise of 24 percent.

The EV maker reported revenue of $24.3 billion in the fourth quarter, above analyst estimates, but put delivery growth at 37 percent for 2023 compared with a previous forecast of 50 percent.

Any decision to speed up the deployment of Qualcomm chips would mean replacing those supplied by Intel-owned Mobileye.