STMicro: net income almost doubled in 2022
The Franco-Italian semiconductor manufacturer's sales rose by 26.4% to $16.13 billion, driven by strong demand in the automotive and industrial sectors, as well as by programs undertaken with its customers.
Given the strong demand from its customers and the increase in its production capacity, STMicroelectronics expects sales for 2023 of between $16.8 and $17.8 billion.
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