ST Microelectronics sees year-on-year growth

Electronics and semiconductor manufacturer ST Microelectronics has reported that, for the third quarter ended 25 September 2010, third-quarter net revenues increased 16.8 per cent on a year-over-year basis, with all regions and market segments, excluding telecoms, posting revenue growth.

Year-over-year regional growth was led by Greater China-South Asia with sales growth of 29 per cent, followed by the US with a 27 per cent increase.

Sequential net revenues growth of five per cent was led by Greater China-South Asia and Japan-Korea, with nine and seven per cent growth respectively.