STMicroelectronics reports 4Q 2014 results

Wednesday, January 28th, 2015
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GENEVA — STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported financial results for the fourth quarter and full year ended December 31, 2014.

Net revenues decreased 3.0% sequentially. By region of shipment, Greater China & South Asia increased 3.2%, while the Americas, Japan & Korea, and EMEA decreased by 6.8%, 8.1%, and 8.9%, respectively, on a sequential basis. As anticipated, net revenues in the fourth quarter benefited from a one-time $13 million licensing payment.

On a year-over-year basis, net revenues decreased 9.2%, reflecting the combination of the phase-out of legacy ST-Ericsson products as well as lower DCG sales, specifically set-top box, and AMS sales on product pruning and product generation transition.

Q4 2014 – Product and Technology Highlights – Embedded Processing Solutions (EPS) – Digital Convergence (DCG)

  • Presented complete UltraHD ecosystem, necessary for the emerging 4Kp60 market, running on latest Cannes/Monaco SoC;
  • Embraced and demonstrated successful integration of a new RDK software stack, which is currently under development for broadband devices, running on ST’s Alicante chipset;
  • Demonstrated real-time hardware-prototype of DOCSIS 3.1 modem with key Cable Modem Termination System (CMTS) provided by major US OEMs;
  • Launched world’s first Android TV 5.0 Lollipop platform based on Cannes/Monaco family.