Business

STMicro more than doubles Q4 profits

Q1 slowdown expected

STMicroelectronics said Q4 profits more than doubled thanks to demand from mobile phone makers. Net profit for the quarter rose to $462 million, up from $184 million for the period a year earlier.

Sales rose 48 per cent to $2.19 billion but the company expects an eight per cent drop in the first quarter due to slowing demand. ®

Related Stories

Texas Instruments misses Q4 targets
Chip champs chomp bitter pill

Sponsored: Accelerated Computing and the Democratization of Supercomputing