ST expects 5-10% growth

Carlo Bozotti - Chief Executive Officer of STMicroelectronicsSTMicroelectronics CEO Carlo Bozotti tells Le Figaro that ST expects 5-10% growth this year.

Bozotti told Le Figaro that ST grew revenues 5% in Q1.

At ST’s mid-May investor day, Bozotti said he expected a 7-8% increase in sales in Q2 compared to Q1.

STMicroelectronics is set to benefit from the €100 billion of EU funding for the semiconductor industry recently announced by EC vice president Neelie Kroes.

ST’s shares have risen 39% this year. Last July the shares stood at Euros 3.68 on the CAC 40, today they’re at €7.50.

“The positive bookings trend continues,” said Bozotti in mid-May, “we are encouraged and motivated by the more positive business environment since the beginning of the year.”

See also: Semi Market Looking Good, says ST CEO

Tags: bookings, semiconductor industry

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