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STMicroelectronics’s FY 2019 net income down 19.8% y/y to USD1 billion

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Financial results

Company expects first quarter 2020 net revenues of USD2.36 billion

STMicroelectronics (STM) has reported a 19.8% year-on-year (y/y) decline in net income to USD1 billion for the fiscal year ended 31 December 2019, according to a company press release on 23 January.

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