STMicroelectronics expects steady growth in performance in 2023

In 2023, STMicroelectronics' revenue reached US$17.29 billion, a year-on-year increase of 7.2%, and its net profit was US$4.21 billion, a year-on-year increase of 6.3%. Among them, the revenue of automotive products and power discrete devices both increased, showing the company's strong competitiveness in this field.