STMicroelectronics, the largest semiconductor manufacturer in Europe, has released its fourth-quarter and full-year financial results in 2010. The financial report shows that ST’s net revenue for the fourth quarter was US$2.833 billion, a year-on-year increase of 9.7%. Operating profit was US$213 million, while the company’s operating losses reached US$6 million in the same period of 2009.
For the whole year of 2010, ST’s total revenue reached a record high of US$ 10.346 billion, an increase of 21.6% from US$ 8.51 billion in 2009. The gross profit margin in 2010 was 38.8%, which was lower than the 30.9% of the previous year.
STMicroelectronics stated that the company’s capital expenditure this year is expected to be between 1.1 billion and 1.5 billion U.S. dollars, and a considerable part of this will be used for the production of MEMS, automotive electronics, 3D TV SoC chips, and smart phone chips. STMicroelectronics’ capital expenditure in 2010 was US$1.334 billion.
For the whole year of 2010, ST’s total revenue reached a record high of US$ 10.346 billion, an increase of 21.6% from US$ 8.51 billion in 2009. The gross profit margin in 2010 was 38.8%, which was lower than the 30.9% of the previous year.
STMicroelectronics stated that the company’s capital expenditure this year is expected to be between 1.1 billion and 1.5 billion U.S. dollars, and a considerable part of this will be used for the production of MEMS, automotive electronics, 3D TV SoC chips, and smart phone chips. STMicroelectronics’ capital expenditure in 2010 was US$1.334 billion.