STMicroelectronics is a global semiconductor company that designs and manufactures a wide range of integrated circuits and components for various applications across multiple industries
The company focuses on innovation in areas such as automotive, industrial, personal electronics, and the Internet of Things (IoT). With a commitment to sustainability and advanced technology, STMicroelectronics develops solutions that enhance connectivity, efficiency, and performance in electronic devices. Their extensive product portfolio includes microcontrollers, sensors, power management devices, and RF components, catering to the evolving needs of customers worldwide.
STMicroelectronics reported Q4 net revenues of $3.32B, beating analyst estimates. EPS of $0.37 missed expectations. Net revenues aligned with outlook, driven by Personal Electronics. Book-to-bill ratio remained below 1 due to delayed recovery and inventory correction.
Semiconductor chip stocks, including Nvidia, AMD, Broadcom, TSM, STM, MRVL, MU, ARM, and SMCI surged ahead of CES, boosted by Microsoft's $80B AI investment and Foxconn's record revenue.
