ST Prepares for ToF Sensor Product Ramp

London, UK, Jul. 26, 2017 – 

STMicroelectronics has revealed better than expected second quarter results. Net revenues of $1.92 billion were up 5.6 percent sequentially, 12.9 percent year over year.

"We are putting together quarters of successive improvement in our financial results. The second quarter delivered further improvement, with strong sequential and year-over-year revenue growth, and with operating income and net income following the same trajectory," said Carlo Bozotti, STMicroelectronics president and CEO.

Of particular interest to analysts is the company's imaging products sector, as there has been speculation in the industry that Apple's iPhone 8, expected later this year, incorporates an ST time of flight (ToF) imaging sensor. ToF sensor technology is used in proximity and ranging sensors for smartphones. ST's cumulative shipments for its FlightSense ToF technology have reached 300 million, and they are already in more than 80 smartphone models from 15 OEMs.

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