FILE PHOTO: A logo is pictured on the factory of STMicroelectronics in Plan-les-Oautes near Geneva, Switzerland, December 6, 2016. REUTERS/Denis Balibouse/File Photo
PARIS (Reuters) -Franco-Italian chipmaker STMicroelectronics said its preliminary fourth-quarter revenues were slightly above the guidance given at the end of October, in the context of a global microchip supply crunch, which gave a lift to its shares.
Sales for the last three months of 2021 increased by 11.2% sequentially, coming in at $3.56 billion which was above a company forecast of $3.40 billion. Full year sales jumped by 24.9% to $12.76 billion, also higher than STMicro's October 2021 forecast.
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