Big money: STMicroelectronics said it had won a deal with an unnamed customer that can generate "substantial revenues" in the second half of the year.
FRANKFURT/PARIS: Franco-Italian chipmaker STMicroelectronics posted in-line 2016 results on Thursday, driven by solid phone and car part sales and improved factory utilisation, while setting out a plan to boost plant capacity that could fuel revenue later in 2017.
Europe's third largest semiconductor company said it had won a deal with an unnamed customer that can generate "substantial revenues" in the second half of the year, which analysts believe are tied to parts for upcoming Apple iPhones.
