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STMicroelectronics Q1 results up, as auto, IoT growth offsets smartphone weakness

Wednesday 25 April 2018 | 09:15 CET | News
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STMicroelectronics reported a strong improvement in first-quarter results on an annual basis and also said it did better than the midpoint of its guidance on a sequential basis. Revenues were down 9.8 percent compared to Q4 and up 22.2 percent year-on-year to USD 2.226 billion. The Microcontrollers and Digital ICs Group grew 1.3 percent on a sequential basis, while other activities were lower.  

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Categories: Mobile & Wireless
Companies: STMicroelectronics
Countries: World
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