On July 26th, STMicroelectronics announced its Q2 2024 financial report, with a net revenue of $3.23 billion, a year-on-year decrease of 25.3%; Gross profit margin of 40.1%, a year-on-year decrease of 890 basis points; The operating profit margin is 11.6%, with a net profit of 353 million US dollars. The company had a net revenue of $6.7 billion in the first half of the year, a gross profit margin of 40.9%, an operating profit margin of 13.8%, and a net profit of $865 million. The company stated that it will advance its plan to generate $13.2-13.7 billion in revenue for the full year of 2024.