ST reports 11% profits increase

ST reports 11% profits increase
Alex Mayhew-Smith
STMicroelectronics (ST) has reported an increase in 1999 first quarter gross profit by 11 per cent to $427.9m.
Revenues rose 10.7 per cent to $1.1bn at the firm, which also increased its R&D spending to 16.3 per cent. ST recently completed its acquisition of Edinburgh- based camera-on-a-chip firm Vision.

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