STMicroelectronics driven by automotive and industrial customers
The clean room of the Crolles plant, in 2022. STMicroelectronics The Franco-Italian group benefits from…
STMicroelectronics driven by automotive and industrial customers
The clean room of the Crolles plant, in 2022. STMicroelectronics
The Franco-Italian group benefits from its specialization in these businesses and is holding up better than some of its peers.
STMicro-electronics definitely knows how to maneuver in uncertainty. In an environment marked by the risks weighing on the economy or global geopolitics, the Franco-Italian nugget continues to do well. The figures published for the first three months of 2023 confirm this: compared to the year past, the manufacturer saw its turnover increase by 20%, and its net income by 40%, to 1.04 billion dollars. A notable performance. For comparison, the Korean giant Samsung revealed the previous night a huge loss of its specialized chip arm. Namely a hole of 3.1 billion euros, a first since 2009. All in the wake of the sharp decline in demand from individuals for smartphones and other electronic devices. As a result, stocks are overflowing in the warehouses of the manufacturers of these devices, pushing prices down.
STMicro, of course, does not evolve on another planet. Compared to the last three months of…
