STMicroelectronics reported Q3 revenues of $2,136m, up 11.1% sequentially and 18.9% yoy. Every business unit witnessed an acceleration in growth and broke the double-digit mark: AMG was once again the strongest contributor ($502m, +24.6%), followed by MDG ($701m, +19.4%) and ADG ($775m, +10.1%). The Others business remained once again on a strong ascending path ($158m, +113.5% sequentially and +53.4% yoy) thanks to the Imaging business. The gross margin reached 39.6%, a sequential increase of
26 Oct 2017
A roaring momentum topping all expectations
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A roaring momentum topping all expectations
STMicroelectronics reported Q3 revenues of $2,136m, up 11.1% sequentially and 18.9% yoy. Every business unit witnessed an acceleration in growth and broke the double-digit mark: AMG was once again the strongest contributor ($502m, +24.6%), followed by MDG ($701m, +19.4%) and ADG ($775m, +10.1%). The Others business remained once again on a strong ascending path ($158m, +113.5% sequentially and +53.4% yoy) thanks to the Imaging business. The gross margin reached 39.6%, a sequential increase of