STMicroelectronics (STM FP) December's consumer electronics chip shipment rose by more than 8%; led by mobile and PC components

• January's order entry remains at December levels, highlighting stabilisation of seasonal weakness.

STMicroelectronics reported an over 8% rise in consumer electronics chip shipments for December, primarily driven by mobile and PC components. This increase signifies a potential stabilisation in demand, especially with January's order entry holding steady at December levels, which could suggest that any seasonal weakness is not as pronounced as in previous years, possibly influencing market sentiment towards semiconductor demand.