STMicroelectronics records 35.2% y/y rise in Q1 FY2021 net revenue at USD3.02 billion

Financial results

Net income rose to USD364 million from USD192 million a year earlier

STMicroelectronics has reported 35.2% year-on-year (y/y) growth in revenue for the first quarter of fiscal 2021 at USD3.02 billion, according to a company press release on 29 April.

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