PARIS—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 percent sequentially, coming in at $3.56 billion which was above a company forecast of $3.40 billion. Full year sales jumped by 24.9 percent to $12.76 billion, also higher than STMicro’s October 2021 forecast.
