STMicroelectronics announces fourth quarter results

Italian-French electronics and semiconductor manufacturer STMicroelectronics has reported its financial results for the fourth quarter and full year ended 31 December 2010.

The company’s net revenues for the fourth quarter of 2010 totalled $2,833m (£1,773m), including sales recorded by ST-Ericsson as consolidated by ST.

Fourth-quarter net revenues increased on a year-over-year basis by 30 per cent in the Industrial and Multisegment Sector (IMS) and by 15 per cent in the Automotive/Consumer/Computer/Communication Infrastructure Sector (ACCI), while Wireless, reflecting the ongoing portfolio transition at ST-Ericsson, decreased by 21 per cent.

Overall fourth-quarter net revenues increased by 9.7 per cent on a year-over-year basis, geographically led by Greater China-South Asia with sales growth of 15 per cent and the Americas with a 14 per cent increase.