STMicroelectronics Reports 2013 First Quarter Financial Results

GENEVA — STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported financial results for the first quarter ending March 30, 2013.

First quarter net revenues totaled $2.01 billion and gross margin was 31.3%. Net loss attributable to ST was $171 million, mainly due to the 50% share in ST-Ericsson operating loss and restructuring costs.

Q1 2013 – Product and Technology Highlights – Digital Convergence (DCG)

• Earned several design wins for ASICs to be manufactured in 28nm FD-SOI technology.
• Captured a significant design win for Orly in a home-gateway application for a large European manufacturer.
• Won designs for high-end multimedia monitor controllers and DisplayPort transmitters for a 4kx2k project and for 24″ daisy-chain monitors for a large global computer manufacturer.
• Started shipments of Advanced HDMI to DisplayPort converters to a large Taiwanese manufacturer.
• ST’s Orly system-on-chip (SoC) has been selected by Sumitomo Electric Networks, Inc., a major Japanese manufacturer for the advanced generation of smart IPTV set-top boxes from NTT Plala Inc., a leading service provider.