ST er kommet godt fra start

STMicroelectronics har netop offentligjort resultaterne for 1. kvartal af 2011 (in english).

STMicroelectronics (ST) has just reported financial results for the first quarter ended April 2, 2011.

- Overall, ST had a solid start in 2011. Year-over-year, our revenues were particularly strong in automotive applications and in our Analog, MEMS, Microcontrollers and Power Discrete offerings. Our gross margin improved 140 basis points and our operating margin before restructuring attributable to ST reached 9.9%, says President and CEO Carlo Bozotti in a comment.

- Analog, MEMS and Microcontrollers revenues increased 38% year-over-year with broad contribution from its new product families. Power Discrete Products revenues increased 18% and Automotive, Consumer, Computer and Communication Infrastructure, mainly driven by strong demand in automotive, also increased 18%. Wireless revenues decreased 34% as sales of ST-Ericsson’s legacy products declined more than anticipated while the company is progressing in its portfolio transition and the expansion of its customer base, says Carlo Bozotti.

- It is clear that our new products, well positioned on our targeted applications, are gaining traction and this makes us confident for 2011 as a whole, despite the short-term impact to the semiconductor industry’s supply chain due to the dramatic events in Japan. Our customer base is rapidly expanding as we are helping our customers to grow and take leadership positions in their businesses.