STMicroelectronics Reports 2008 Second Quarter and First Half Revenues and Earnings

Tuesday, July 22nd, 2008
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  • Set-top Box
    — Strong H.264 (SD/HD) sales; transition from MPEG-2 to H.264 will continue throughout 2008
    — Sampled four different products in 65nm to world-leading set-top-box manufacturers
  • Digital TV
    — Addressing market with STB “plug-in” solutions (SD/HD)
    — Genesis integration ongoing; integrating image and video processors into ST’s product offering

GENEVA — STMicroelectronics (NYSE: STM) reported financial results for the 2008 second quarter and six months ended June 28, 2008.

ST’s net revenues for the second quarter increased 9.7% sequentially to $2.39 billion driven by double-digit sales growth in the Telecom (wireless), Industrial and Consumer market segments. On a year-over-year basis, ST’s net revenues grew 14.6%, led by nearly 20% gains in both the Industrial and Telecom (wireless) segments.

In digital consumer, ST continued to increase shipments of its leading-edge H.264 decoder chips for the worldwide deployment of high-definition digital set-top-boxes and integrated digital TVs. ST has also sampled four different products, implemented in 65nm, to world-leading manufacturers, targeting key segments of the set-top box market.

More: Earnings Release