Feeds

STMicro sees 33 per cent profit jump

Strong Q3 and first nine months for Euro chip maker

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Healthy demand for chips for mobile devices has powered a 33 per cent increase in profit for STMicroelectronics. For its third quarter, ending 2 October, Europe's number two chip maker saw profit up to $135.3 million, from $101.6 million for last year's Q3. Sales for the period were up 23 per cent to $1.27 billion, against last year's figure of $1.03 billion for the equivalent. Taking the first nine months of the year, net profit was up 25.4 per cent to $363 million, on sales of $3.6 billion - up 16 per cent. From mobile phones to set-top boxes and beyond, demand for STMicro's chips shows no sign of flagging. The company is investing $3.18 billion to boost capacity in order to keep on top of this rising demand. Last month, the company raised around $925 million from a share issue which reduced the stake held in it by the governments of Italy and France. STMIcro's fabs in northern Italy and southern France are being equipped to ramp up work on flash memory products and should be producing 1000 wafers per week by early next year. ®

Intelligent flash storage arrays

More from The Register

next story
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
BT said to have pulled patent-infringing boxes from DSL network
Take your license demand and stick it in your ASSIA
Right to be forgotten should apply to Google.com too: EU
And hey - no need to tell the website you've de-listed. That'll make it easier ...
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
prev story

Whitepapers

Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.