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Results include FY 2020 net revenues $10.22 billion, gross margin of 37.1 and net income of $1.11 billion.
February 4, 2021
By: DAVID SAVASTANO
Editor, Ink World Magazine
The semiconductor business is going strong for STMicroelectronics, who reported US GAAP financial results for the fourth quarter and full year ending Dec. 31, 2020. ST reported fourth quarter net revenues of $3.24 billion, gross margin of 38.8%, operating margin of 20.3%, and net income of $582 million or $0.63 diluted earnings per share. Free cash flow rose to $512 million. FY 2020 net revenues were $10.22 billion, with gross margin of 37.1% and net income of $1.11 billion. “Based upon a stro...
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