Salem Radio Network News Sunday, October 25, 2020

Science

STMicro revenue exceeds own third-quarter expectation

(Reuters) – Semiconductor manufacturer STMicroelectronics reported on Thursday preliminary third-quarter revenue exceeded its expectations, boosted by a sharp rise in demand for automotive products and microcontrollers.

It sees third-quarter net revenue rising 27.8% sequentially to $2.67 billion, compared to the $2.45 billion it had expected previously.

(Reporting by Piotr Lipinski in Gdansk; Editing by Muralikumar Anantharaman)

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