STMicroelectronics reported its second quarter 2015 net revenues totaled $1.76 billion, up by 3.2% compared to first quarter of 2015.
Carlo Bozotti, President and CEO of STMicroelectronics said "More specifically, our microcontroller business enjoyed further expansion of the STM32 ultra-low-power families into Internet of Things, mobile and industrial applications; our Analog, MEMS and Sensors business benefited from our diversified offering, including microphones and touch screen controllers, into large customers; sales in Industrial, Power and Discrete were fueled by discrete and power transistor products for mobile and industrial markets, and our Automotive business enjoyed good traction in advanced safety systems with premium car makers as well as in 32-bit microcontrollers. Our Digital Products revenues were stable on a sequential basis with growth in ASICs.”
ST said most of its product groups posted sequential growth with Analog & MEMS (AMS) increasing 7.0%, Industrial & Power Discrete (IPD) up by 4.2%, Microcontroller, Memory & Secure MCU (MMS) up by 3.8% and Automotive (APG) up by 1.0%. Digital Product Group (DPG) net revenues were flat sequentially.
In terms of regional growth, ST reports all regions grew sequentially led by Japan and Korea up 7.5% and Americas up by 4.6%, followed by EMEA and Greater China & South Asia up 2.9% and 1.6%, respectively.