Automotive Sector DeclineThe Automotive segment, representing 13% of revenues, is likely to decline for a third consecutive year.
Facility Ramp-Up ChallengesWeaker margins were attributed to headwinds related to the ramp of its new Penang facility, which is expected to reach breakeven later in the year.
Macroeconomic ConcernsThere are concerns about macro pressures in the automotive and Medical Industry & Instrumentation sectors, including negative data in the semiconductor test market.