STMicroelectronics reports 2013 second quarter results

GENEVA — STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported financial results for the second quarter and first half ending June 29, 2013.

Second quarter net revenues totaled $2.05 billion and gross margin was 32.8%. Net loss attributable to ST was $152 million. Net revenues increased 1.8% sequentially and decreased 4.8% on a year-over-year basis. Second quarter gross profit was $672 million.

Q2 2013 – Product and Technology Highlights

• Passed security certification by NDS for ST8034 smart-card interface, a necessary step in the expansion of ST’s smart-card presence in the set-top box market.
• Maintained success with worldwide customers of awards for new set-top box Class2 product family, which has now also obtained the full certification from Nagra and Viaccess.
• Began an important design at a key customer for the US cable modem based on the Orly/STiD platform.
• Captured multiple design-ins of DisplayPort smart connectivity products in various applications, including 4Kx2K TV, the first TV with DisplayPort input, at a large global consumer manufacturer.