STMicroelectronics' net revenue in the first quarter of 2023 reached US$4.25 billion

STMicroelectronics' net revenue in the first quarter of 2023 was $4.25 billion, with a gross profit margin of 49.7%, an operating profit margin of 28.3%, and a net profit of $1.04 billion. Revenue from automotive and industrial products performed well, but revenue from chips for personal electronics declined. The company expects net revenue in the second quarter to reach $4.28 billion, with a gross profit margin of 49.0%.