Renesas saw Q3 sales decrease 8.7% y-o-y to $1.54 billion and expects Q4 sales to be down 12.3% y-o-y at $1.6 billion. Q3 profit was $212 million. Weakening demand, mainly for industrial ICs, was the culprit. For Q4 Renesas anticipates a gross margin of 40%, down 7.9 points yo-y and operating margin of 7.3%, down ...
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from Electronics Weekly https://www.electronicsweekly.com/news/business/renesas-sees-weakening-industrial-demand-2018-10/
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