ST reports second quarter results

30 August 2023 News

STMicroelectronics has released its healthy second quarter 2023 financial results. The company reported a Q2 2023 net revenue of $4,33 billion, up 12,7% YoY. Gross profit increased by 16,5% over the same period to $2,11 billion, with a gross margin of 49,0%.

The company’s operating income increased 14,2% to total $1,15 billion, compared to $1,00 billion in 2Q 2022. In the second quarter 2023, net operating expenses included negative non-recurring non-cash items amounting to $34 million.

Compared with the year-ago quarter, the following product group results were reported. Revenue increased for both automotive and power discrete with operating profit increasing by 73,8% to $624 million. The Microcontrollers and Digital ICs group also saw a revenue increase by 19% to $505 million. However, revenue in the Analog, MEMS and Sensors group decreased by 48,3%, to a total of $139 million.

Further reading:

From the editor's desk: Inspiring the next generation
Technews Publishing News
   Welcome to the August issue of Dataweek. Peter Howells is still on leave, so I am back for this issue. I hope you enjoy the content and find value in it. August is Women’s Month in South Africa, ...

Read more...

---

Procurement is becoming a competitive advantage
RS South Africa News
As mining, manufacturing and industrial businesses continue to navigate rising costs, supply chain disruption and increasing pressure to improve operational performance, procurement and inventory management have become strategic business priorities rather than simply administrative functions.

Read more...

---

Powell Electronics signs partnership agreement with IOT Electronics
IOT Electronics News
Powell Electronics has entered into a partnership agreement with IOT Electronics to strengthen its presence across southern Africa.

Read more...

---

Omniflex delivers ICCP systems across London
Omniflex Remote Monitoring Specialists News
Omniflex has supplied impressed current cathodic protection (ICCP) systems for a range of prominent buildings across London, helping to protect reinforced concrete structures from corrosion and extending their service life.

Read more...

---

New appointments for Würth Electronics South Africa
Würth Electronics South Africa News
New appointments for Würth Electronics South Africa

Read more...

---

MTN celebrates 80 Western Cape digital graduates
News
Eighty unemployed young people from across the Western Cape have successfully completed MTN South Africa’s Digital Skills for Digital Jobs (DS4DJ) programme, earning accredited qualifications in Data Analytics, Systems Development and Cybersecurity.

Read more...

---

GirlCode Hackathon 2026 kicks off across South Africa and Botswana
News
GirlCode, in partnership with Absa Group, Truecaller, MTN, SAP Fioneer, RS South Africa and other ecosystem partners, successfully hosted the first leg of the 2026 GirlCode Hackathon.

Read more...

---

Rooibos heads to space
News
A South African scientific initiative linking agriculture and space research has officially launched today with the Rooibos in Space programme at Parklands College’s Innovation Centre in Cape Town.

Read more...

---

From the editor's desk: Local can be international
Technews Publishing Editor's Choice News
Welcome to the July 2026 issue of Dataweek. As you can see from this introduction, Dataweek’s regular editor, Peter Howells, is on extended leave and I am filling the void in his editor’s column – hopefully without being too boring.

Read more...

---

Landis+Gyr EMEA introduces new company name: EYKON
News
EYKON is the new company name of Landis+Gyr EMEA, formerly part of the Landis+Gyr Group. The company supports electricity, gas, water and thermal utilities in managing increasingly complex networks, improving operational efficiency and enabling more sustainable use of resources.

Read more...

---