On June 4, Jean-Marc Chery, Chief Executive Officer of STMicroelectronics, announced that the company has detected encouraging indicators of a market recovery cycle and anticipates a surge in market demand, poised to elevate performance in the forthcoming quarters. During the BNP Paribas event, Mr. Chery disclosed that STMicroelectronics is aiming to at least meet the midpoint of its revenue forecast for the second fiscal quarter, which stands at $2.71 billion.