STMicroelectronics Reports 2011 Third Quarter and Nine Month Financial Results

PARIS — STMicroelectronics (NYSE: STM) reported financial results for the third quarter and nine months ended October 1, 2011.

Third Quarter Review

ST’s third quarter net revenues decreased 4.9% on a sequential basis, with all regions down sequentially except the Japan & Korea region which was up 6.7%. EMEA, Greater China & South Asia and Americas each decreased about 7%. On a year-over-year basis, ST’s net revenues decreased 8.1%, with the Americas down by 1.2%, Japan & Korea by 5.6%, EMEA by 8.8% and Greater China & South Asia by 10.6%. Sequentially, Wireless led all product segments with third quarter revenues up 18.8% while Automotive, Consumer, Computer, Communication Infrastructure (ACCI), Power Discrete Products (PDP), and Analog, MEMS and Microcontrollers (AMM) net revenues were down 12.3%, 6.2% and 4.0%, respectively.

Q3 2011 – Product and Technology Highlights
Home Entertainment and Displays

• Introduced and demonstrated Orly, the most powerful Set-Top Box (STB) System-on-Chip on the market. This new device is pioneering a secured- and open-internet multi-application environment in STB and home servers. Orly is the first SoC in 32nm featuring dual Cortex A9 cores, a Quad Mali-400 GPU and Quad HD video decode and transcode.
• Announced a breakthrough combined digital set-top-box and digital TV SoC platform that offers the industry’s most interactive, robust and secure architecture.
• The latest-generation DisplayPort receiver/transmitter chipset has been designed into the world’s first high-definition, 3D Head-Mount Display, developed by a leading consumer electronics manufacturer in Japan.
• The Freeman Premier family was the industry’s first TV System on Chips to be successfully certified for Security Applications by Irdeto, a world leader of security and conditional access.