ST expects 5-10% growth
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