STMicroelectronics Reports 2013 Fourth Quarter and Full Year Financial Results

GENEVA, Switzerland — 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, 2013.

Fourth quarter net revenues totaled $2.01 billion, gross margin was 32.9%, and net loss was $0.04 per share. For the full year net revenues totaled $8.08 billion, gross margin was 32.3%, and net loss was $0.56 per share.

Q4 2013 – Product and Technology Highlights – Digital Convergence (DCG)

• Earned important design wins in Europe and the US in Ultra HD and HEVC video technologies with major tier-one operators.
• Awarded multiple broadcast set-top box designs, with full certification from major conditional-access system vendors, including Nagra and Viaccess. Over 50 location-specific part numbers are available to serve the worldwide market.
• Captured set-top-box sockets from MultiChoice, South Africa’s top pay-TV provider to boost customers’ access to high-definition services.
• Won design at a major consumer company in the Far East in 28nm FD-SOI.