The European semiconductor manufacturer STMicroelectronics (ST) has exceeded its sales forecasts for the fourth quarter 2020. According to our own estimate, the income was 3, 24 billion US dollars, the equivalent of about 2, 64 Billion euro. The company exceeded the third quarter 2020 by a good fifth (2. 67 billion US dollars ) or the same period of the previous year by 18 percent (2, 75 Billion US dollars). In the fall 2020 the company had promised a range of up to 3.1 billion dollars in revenue.

STMicroelectronics has its own production facilities for the exposure of silicon chips in Europe, so-called fabs, but primarily manufactures cost-efficient small chips such as microcontrollers with structures of up to 28 Nanometers (28 nm FDSOI). STMicroelectronics also works with other companies on chip designs, including Huawei.

More than 10 billion US dollars in annual sales the market momentum is over 2020 was significantly better than expected, said CEO Jean-Marc Chery. Chips for consumer devices such as smartphones and tablets and semiconductors for the auto industry have contributed in particular. Looking at the whole year, STMicroelectronics has , 22 billion US dollars or 8, 35 billion euros received – 6.9 percent more than in the previous year.

The group wants detailed and final figures for the last quarter and for the full year on 28. Submit January 2021. In December 2020 STMicroelectronics suffered a significant setback in the share price due to the weaker medium-term outlook. With a share value of just under 34 Euro, the company has now almost made up for the minus.

(mma)