www.design-reuse-embedded.com
Find Top SoC Solutions
for AI, Automotive, IoT, Security, Audio & Video...

STMicroelectronics Returns to Profit in Q2

By Peter Clarke, EETimes, Jul. 27, 2016 – 

The second quarter revenues totaled $1.70 billion compared with $1.76 billion in 2Q15. The company made a net profit of $23 million in 2Q16 compared with a net profit of $35 million in 2Q15. The profit did contrast with a loss of $41 million in the previous quarter.

CEO Carlo Bozotti told analysts on a conference call that ST was now well positioned to show year-on-year growth in the second half of 2016.

"Sequential revenue growth came from the progress we are making on our areas of strategic focus, smart driving and Internet of Things," said Bozotti, in a statement. "Our automotive business enjoyed another strong quarter across all applications; our general purpose microcontroller business had another record billing performance, driven by STM32; our time-of-flight specialized image sensors entered multiple smartphone models and our power discretes started a broad-based recovery."

On a year-over-year basis, second quarter net revenues decreased 3.2 percent, or 1.7 percent excluding businesses undergoing a phase-out. These include mobile products, camera modules and set-top box ICs. As anticipated, automotive, including ADAS solutions, and microcontrollers, led by general purpose, continued to be strong, growing revenues about 6 and 4 percent, respectively, compared with the year-ago quarter.

Click here to read more...

 Back

Partner with us

List your Products

Suppliers, list and add your products for free.

More about D&R Privacy Policy

© 2024 Design And Reuse

All Rights Reserved.

No portion of this site may be copied, retransmitted, reposted, duplicated or otherwise used without the express written permission of Design And Reuse.