STMicroelectronics Reports 2010 Second Quarter and First Half Financial Results

Friday, July 23rd, 2010
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GENEVA — STMicroelectronics (NYSE:STM) reported financial results for the second quarter and first half ended June 26, 2010.

Second Quarter Review

ST’s net revenues for the second quarter of 2010 totaled $2,531 million and included sales recorded by ST-Ericsson as consolidated by ST. Net revenues increased 8.9% sequentially, mainly reflecting ACCI and IMS product segments registering better than seasonal sequential revenue growth trends while the Company’s Wireless segment decreased by 10.5%.

On a year-over-year basis, all market segments, except Telecom, posted growth with Automotive increasing by 48%, Industrial by 43%, Consumer by 42% and Computer by 23%. Telecom declined by 3%. Distribution, increased 81%, reflecting continued strong global demand. Sequentially, all market segments, except Telecom, increased with Consumer higher by 15%, Industrial by 11%, Automotive by 10% and Computer by 6%. Telecom decreased by 2%. Distribution increased sequentially by 22%.

Q2 2010 Products, Technology and Design Wins

In consumer applications:

  • In set-top box (STB) chips:
    • ST gained significant design wins for its cost-effective integrated STi7162 / STi7167 platforms in terrestrial and cable STB markets, and for its STi7141 DOCSIS platform in Europe and China;
    • ST delivered its first platforms for the DVB-T2 digital-terrestrial HDTV market in the UK, and delivered integrated DVB-S2 STi7111 platforms in large volume for HD+ / CI+ deployment in Central Europe;
    • ST is ramping up in production of its STi5189 cost-optimised satellite demodulator and MPEG2 decoder platform for markets in India and Latin America, in addition to significantly contributing to the first deployment of HDTV STBs in India;
    • By the end of Q2, cumulative shipments of ST’s state-of-the-art 55nm STB platforms reached more than 10 million units.
  • In integrated digital TV (iDTV) and monitor applications:
    • ST gained several design-wins for an enhanced version of its FLI7510 SoC, which enables 3D TV in a single-chip for 120Hz mainstream iDTVs. The integration, processing power and flexibility of the ‘Freeman’ family of SoCs has allowed ST to gain traction in the integrated broadcast and broadband-Internet iDTV market.
    • ST achieved two design-wins for its FLI326xx Faroudja™-based display controllers for LCD TVs, and three design wins at tier-one customers for its high-end STDP802x Faroudja-based LCD-controller SoC family, which offers advanced color processing and DisplayPort and HDMI receivers.
    • Additionally, ST’s proposed iDP (internal DisplayPort) interface standard for use in next generation LCD TVs, in cooperation with LG Display, was adopted by VESA (The Video Electronics Standards Association).

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