Peter Clarke, EETimes
11/8/2011 1:26 PM EST
LONDON – Carlo Bozotti, CEO of Europe's largest chip company STMicroelectronics, has said that his company has seen bookings recovering over the last few weeks, according to a MarketWatch report.
"It's a combination of inventory correction and demand weakness. Probably we are at the bottom," Bozotti was quoted as saying. However, Bozotti is also reported to have said it is too early to say whether an improvement is sustainable.