Financial PerformanceSTM's 2Q24 revenues were above company-compiled consensus, as lower revenues in automotive and industrial segments were offset by higher revenues in personal electronics, with EBIT 10% above consensus.
Market PositionSTM is well positioned to take advantage of rising tariffs worldwide with manufacturing in Europe and China.
Strategic PartnershipsChina's largest domestic brand Geely announced they have selected STM's SiC chips for future mid and high-end battery electric vehicles.