💨 Abstract

Melexis, Belgium's largest semiconductor supplier, has forecasted lower margins and sales for Q1 2025 due to ongoing inventory corrections by its automotive customers. The company expects an operating margin of 16% and sales between 190-200 million euros, down from last year's 228.6 million euros. However, they remain optimistic about demand improvement by summer.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖