STMicroelectronics Reports 2011 Second Quarter and First Half Financial ResultsMonday, July 25th, 2011
PARIS — STMicroelectronics (NYSE: STM) reported financial results for the Second Quarter and First Half ended July 2, 2011.
ST’s net revenues increased 1.3% on a sequential basis, with regional growth led by the Americas with sales up 8%. On a year-over-year basis, ST’s net revenues increased 1.4%, led by the Americas and Greater China-South Asia with growth rates of 6% and 5%, respectively. Sequential net revenue performance was driven by better than expected results in Automotive, Consumer, Computer, Communication Infrastructure (ACCI), specifically Automotive and Imaging.
Q2 2011 – Product and Technology Highlights
Home Entertainment and Displays
- Gained multiple new design wins of ‘Freeman-iDTV System-on-Chip’ with ODM/OEM customers for Europe & UK digital TV markets. The ‘Freeman’ family offers highly integrated 3D, Motion-Judder reduction, Connected-TV functions and Faroudja video processing.
- Successfully enabled a TV ODM to begin mass production of its 100Hz integrated digital TV (iDTV) product line-up for European Digital Video Broadcast CI+ market with a complete system-platform solution based on the Freeman-Premier iDTV SoC.
- Introduced new “Athena” multi-media monitor SoC family as the first to support the DisplayPort 1.2 digital display interface format plus HDMI 1.4 and first-of-their-kind features such as multi-stream, multi-monitor functions.
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