STMicroelectronics reports 2013 third quarter results
Tuesday, October 22nd, 2013STMicroelectronics Reports 2013 Third Quarter and Nine Month Financial Results
GENEVA, Switzerland — STMicroelectronics (NYSE:STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported financial results for the third quarter and nine months ending September 28, 2013.
Third quarter net revenues totaled $2,013 million and gross margin was 32.4%. ST’s third quarter net loss was $142 million as the Company took a charge of $120 million, mostly non-cash, in connection with its annual third quarter impairment review and already announced restructuring initiatives.
Q3 2013 – Product and Technology Highlights
- Achieved DOCSIS 3 certification for SoC products addressing the cable-data gateway and interactive set-top box markets.
- Launched system-on-chip devices that support UltraHD and HEVC video-decoding and are ideally suited for server, gateway and client-box applications.
- Started shipments of DisplayPort converter IC for Panasonic’s newly launched Smart VIERA (65WT600) Ultra HD TV.
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