STMicroelectronics NV on Thursday posted a surge in profits and revenue for the fourth quarter led by expansion at its automotive and microcontrollers divisions.

The European chip maker STM IT:STM explained web earnings climbed to $4.42 billion in comparison with $3.56 billion in the 2021 fourth quarter, with the company’s automotive business contributing $1.70 billion.

Web…

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STMicroelectronics profits, income bounce on automotive, microcontrollers strength

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