Automotive Sector ChallengesManagement sounded most cautious about Automotive, representing 13% of revenues, which is likely to decline for a third consecutive year.
Profit MarginsWeaker margins were attributed to headwinds related to the ramp of its new Penang facility, which is expected to reach breakeven later.
Sector-Specific PressuresThere are concerns about macro pressures in the automotive and Medical Industry & Instrumentation sectors, including negative data in the semiconductor test market.