LONDON—Carlo Bozotti, CEO of STMicroelectronics NV, has presided over a difficult period in the chip company's history as he first put together the ST-Ericsson mobile processors joint venture and then had to engineer ST's exit from what had became an ill-fated project. But now the write-offs, reorganizations and product phase outs are just about behind the company and it is starting to resume growth. EE Times Europe interviewed Bozotti at a bustling Electronica in Munich.
“The market is on an upturn, despite an IMF revision taking down global GDP forecast,” said Bozotti. “We saw a good trend in bookings in Q3 and this continued in October and the upturn is broad.”
But an examination of the numbers shows ST's main business group revenues were still marginally down in Q3 compared with a year before. The overall revenue increase was largely down to success with a time-of-flight ranging image sensor that, for now, is part of the “others” product group (see ToF sensor success lifts ST’s third quarter).
“In Q3 distribution sales were up 12.2 percent and the book-to-bill ratio was well above one. In the second half all the product groups will contribute to year-on-year sales growth. The year-on-year is expected to be up 11.2 percent fourth quarter over fourth quarter,” said Bozotti attributing this to strong smartphone, automotive and industrial demand.
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