STMicro profit rises, confirms outlook

STMicroelectronics NV (STM.FR) said Wednesday that third-quarter revenue and profit rose sharply, with the company performing above expectations on the back of strong sales growth in its imaging, power-discrete and automotive product lines. The European chip maker said net income rose 57% year-on-year to $369 million with an operating margin of 16% for the third quarter. Net revenue was up […]

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