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General

STMicroelectronics raises capex as revenue growth strengthens to 35% in Q1

Thursday 29 April 2021 | 09:51 CET | News
STMicroelectronics reported first-quarter revenues up 35 percent to USD 3.0 billion, near the high end of its forecast. Revenues were down 6.8 percent on a sequential basis, as a drop in the Personal Electronics segment offset growth in Automotive and Power Discrete products. The company said it expects a similar annual increase in revenues in Q2 and raised its capex budget to the high end of the forecast range to meet expected strengthening demand. 

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Categories: General
Companies: STMicroelectronics
Countries: World
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