STMicroelectronics' net profit in 2023 reached US$4.21 billion, with outstanding performance of silicon carbide products

STMicroelectronics' 2023 financial report shows that its full-year net revenue is US$17.29 billion, a year-on-year increase of 7.2%. Net profit is US$4.21 billion. Silicon carbide products have outstanding performance, with full-year revenue of US$1.14 billion, an increase of more than 60%.