Future Tech

STMicro plans to invest up to $3.6 billion in 2022 to meet chip demand

Tan KW
Publish date: Thu, 27 Jan 2022, 03:22 PM
Tan KW
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Future Tech

PARIS - Franco-Italian chipmaker STMicroelectronics said it planned to invest up to $3.6 billion this year and open a new production line in Italy to meet high demand for semiconductors.

The Geneva-based company expects full-year revenues in the range of $14.8 billion to $15.3 billion in 2022, compared with $12.8 billion last year.

Fourth-quarter earnings per share amounted to $0.82, beating ​Refinitiv's mean analyst estimate of 69 cents per share. STMicro sees first-quarter sales to be around $3.5 billion, reflecting an decrease of 1.6% from the previous quarter and gross margin around 45%.

 


  - Reuters

 

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