How STMicroelectronics survived, will prosper

03/31/2013 | Barron's (subscription required)

As STMicroelectronics puts the failed wireless-chip joint venture with Ericsson behind it, the company has bright prospects ahead, with blue-chip customers such as Apple, Cisco Systems, Samsung Electronics and Western Digital, Jonathan Buck notes in this analysis. ST gets 60% of its revenue from in Asia, helping insulate it from the economic woes of the eurozone, he writes. With profitable product lines in automotive chips and microelectromechanical sensors, the chipmaker is expected to post net income of $85 million this year on revenue of $8.7 billion.

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