LONDON – Fourth quarter financial results at STMicroelectronics NV came in above expectations despite the drag of widening losses at wireless chip subsidiary ST-Ericsson reported on the same day.
ST's net revenues for the fourth quarter of 2010 totaled $2,833 million and included sales recorded by ST-Ericsson as consolidated by ST. The company made a net income of $219 million in the fourth quarter of 2010 compared to net income of $198 million in the prior quarter and a net loss of $70 million in the year-ago period. Fourth quarter net revenues increased by 6.6 percent from $2,657 million in the third quarter and by 9.7 percent from $2,583 million in foruth quarter 2009.
The company said it expects first quarter 2011 revenues to be lower sequentially by about 7 to 12 percent, which at the midpoint equates to a 10% increase when compared to the year-over-year period. This is said would be in-line with normal seasonality.
The 4Q10 sales revenue increased on a a year-over-year basis by 30 percent in Industrial and Multisegment Sector (IMS), and 15 percent in Automotive/Consumer/Computer/Communication Infrastructure Sector (ACCI), while Wireless, reflecting the ongoing portfolio transition at ST-Ericsson, decreased by 21 percent.
Overall fourth quarter net revenues were led geographically by Greater China-South Asia with sales growth of 15 percent and the Americas region with a 14 percent increase.
David Patterson, known for his pioneering research that led to RAID, clusters and more, is part of a team at UC Berkeley that recently made its RISC-V processor architecture an open source hardware offering. We talk with Patterson and one of his colleagues behind the effort about the opportunities they see, what new kinds of designs they hope to enable and what it means for today’s commercial processor giants such as Intel, ARM and Imagination Technologies.