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2022-01-27

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STMicro to double annual investments to meet high chip demand

PARIS, Jan 27 (Reuters) - French-Italian chipmaker STMicroelectronics said on Thursday it planned to

STMicro to double annual investments to meet high chip demand

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quarter.</p><p>STMicro&#39;s investments target increase stems from a global chip shortage that has hit world&#39;s biggest carmakers and fuelled inflation for semi-conductors, which are used in anything from the low-added value chips in washing machines to the more sophisticated sensors placed in electric cars and smartphones.</p><p>The Geneva-based company said it planned to spend between $3.4 billion and $3.6 billion in capital expenditures this year, compared with $1.8 billion in 2021.</p><p>These will include the building of a the first production line a new 300 mm wafer plant in Agrate, Italy, Chief Executive Officer Jean-Marc Chery said in a statement.</p><p>STMicro, whose biggest clients include electric carmaker Tesla and iPhone maker Apple , expects full-year net revenues in the range of $14.8 billion to $15.3 billion in 2022, a 20% annual growth at the top of the forecast.</p><p>Annual revenues in 2021 jumped by close to 25% to $12.8 billion last year, thanks to strong 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15:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>PARIS, Jan 27 (Reuters) - French-Italian chipmaker STMicroelectronics said on Thursday it planned to double its investments in 2022 from a year ago to up to $3.6 billion, buoyed by high demand that drove its earnings to beat expectations in the fourth quarter.</p><p>STMicro&#39;s investments target increase stems from a global chip shortage that has hit world&#39;s biggest carmakers and fuelled inflation for semi-conductors, which are used in anything from the low-added value chips in washing machines to the more sophisticated sensors placed in electric cars and smartphones.</p><p>The Geneva-based company said it planned to spend between $3.4 billion and $3.6 billion in capital expenditures this year, compared with $1.8 billion in 2021.</p><p>These will include the building of a the first production line a new 300 mm wafer plant in Agrate, Italy, Chief Executive Officer Jean-Marc Chery said in a statement.</p><p>STMicro, whose biggest clients include electric carmaker Tesla and iPhone maker Apple , expects full-year net revenues in the range of $14.8 billion to $15.3 billion in 2022, a 20% annual growth at the top of the forecast.</p><p>Annual revenues in 2021 jumped by close to 25% to $12.8 billion last year, thanks to strong performance across all product categories.</p><p>Fourth-quarter earnings per share amounted to $0.82, beating Refinitiv&#39;s analyst estimate of 69 cents per share.</p><p>STMicro, however, expects first-quarter sales to be around $3.5 billion, a drop of 1.6% from the previous quarter and gross margin around 45%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STM":"意法半导体"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159704640","content_text":"PARIS, Jan 27 (Reuters) - French-Italian chipmaker STMicroelectronics said 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