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STMicroelectronics revenues jump 18% in strong Q2 supported by all segments

Wednesday 25 July 2018 | 13:20 CET | News
STMicroelectronics reported higher sales in the second quarter, with all product groups delivering double-digit growth year-on-year and with sales to OEMS and Distribution up 9.8 percent and 33.4 percent respectively. The company added that it did better than the midpoint of its guidance on a sequential basis and that it expects a still higher performance sequentially in the third quarter, supported by healthy demand in its end markets and growth in smartphone applications.

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Categories: Mobile & Wireless
Companies: STMicroelectronics
Countries: World
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