STMicroelectronics' second quarter 2023 financial report net revenue reached US$4.33 billion

STMicroelectronics’ net revenue in the second quarter of 2023 was US$4.33 billion, with a gross profit margin of 49.0%, an operating profit margin of 26.5%, and a net profit of US$1 billion. Among them, automotive and industrial chip revenue increased significantly, but personal electronic device chip revenue declined. Net revenue in the third quarter is expected to be US$4.38 billion, with a gross profit margin of approximately 47.5%.