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0 -0.000864677907479446 -0.000864677907479446 -0.00172935581495889 0.00129701686121925 0.00518806744487683 0.00432338953739738 -0.00497189796800685
Stock impact report

UPDATE 2-STMicro expects higher sales in second half, lifting shares [Reuters]

STMicroelectronics N.V. (STM) 
Last stmicroelectronics n.v. earnings: 4/22 01:00 am Check Earnings Report
US:NYSE Investor Relations: investors.st.com
Company Research Source: Reuters
STMicro expects higher sales in second half, lifting shares PARIS (Reuters) - Franco-Italian chipmaker STMicroelectronics ( STM.PA ) said on Wednesday it expected second-half sales to grow compared to the first half, betting on initial signs of a recovery in demand in Asia as efforts to contain the coronavirus start working. Asian tech firms have been more upbeat. Samsung Electronics ( 005930.KS ) showed this month that smartphone sales in China were rising again as COVID-19 cases fell and global demand for chips used in work-from-home networks had surged. STMicro, which supplies iPhone maker Apple ( AAPL.O ), electric carmaker Tesla ( TSLA.O ) and Chinese telecoms giant Huawei, makes a range of sensors and chips used in the telecoms, auto and manufacturing sectors. It saw sales rise in recent quarters, helped by moves to deploy 5G infrastructure. The company said it expected sales to grow in the range of $340 million to $1.04 billion in the second half, bringing group revenue Show less Read more
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