STMicroelectronics Fourth Quarter Sales Increase 11.2%

STMicroelectronics

French-Italian semiconductor maker STMicroelectronics announced that sales (preliminary figures) for the fourth quarter increased 11.2% to $ 3.56 billion.

It slightly exceeded the forecast ($ 3.4 billion) at the end of October due to the global supply shortage of semiconductors.

Full-year sales were up 24.9% to $ 12.76 billion, also higher than the company expected.

“The fourth-quarter net sales were above the expected range and the gross margin was at or slightly above the upper limit of the range,” Jean-Mark Shelley, president and CEO, said in a statement. Explained that it was stronger than expected.

The company will announce the details of its financial results on the 27th.

 

Total
0
Shares
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Related Posts