PARIS : Franco-Italian chipmaker STMicroelectronics said its preliminary fourth-quarter revenues were slightly above the guidance given at the end of October, in the context of a global microchip supply crunch.
"We ended the fourth quarter of 2021 with net revenues above the outlook range and gross margin at, or slightly above, the high-end of the outlook range, primarily due to betterthan anticipated operations in an ongoing dynamic market", said STMicroelectronics president and CEO Jean-Marc Chery.
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