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STMicro to double investments to address chip demand

STMicro to double investments to address chip demand
newelectronics.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newelectronics.co.uk Daily Mail and Mail on Sunday newspapers.

ST reports annual sales of $12 76 billion, plans to double capex

Strong fourth quarter revenue of $3.56 billion, up 9.9 percent year-on-year, set up STMicroelectronics to achieve a record annual revenue of $12.76 billion.

ST Microelectronics to double investments due to chip shortage

ST Microelectronics to double investments due to chip shortage
globalspec.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalspec.com Daily Mail and Mail on Sunday newspapers.

Persistent shortage of automotive chips Italian-French semiconductors plan to double investment in 2022_SMM

[automotive chip shortage continues STMicroelectronics plans to double investment in 2022] STMicroelectronics plans to invest US $3.4 billion to US $3.6 billion this year, nearly double the 1.8 billion yuan investment in 2021, including the construction of the first production line in Italy's Agrate 12-inch new wafer plant, local time said Thursday. According to the company's financial results released on the same day, driven by high demand, its net profit in the fourth quarter of 2021 exceeded expectations. The company's biggest customers, including Tesla and Apple, are expected to have net income of between $14.8 billion and $15.3 billion this year, an increase of 20 per cent.

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