STMicroelectronics (ST) announced that it has published its 2011 Half-Year Financial Report for the six-month period ended July 2, 2011 incorporating unaudited interim financial statements prepared in accordance with International Financial Reporting Standards (IFRS).
First half of 2011 net revenues increased by 5% to $5.10 billion from $4.86 billion in the year-ago period, driven by an increase of approximately 8% in volume offset by a decline in average selling prices by approximately 3%. Net revenues increased in all product segments compared to the year-ago period, except in Wireless, mainly reflecting a strong demand in Automotive and Imaging product lines within our Automotive, Consumer, Computer and Communication Infrastructure (“ACCI”) product segment and of MEMS and Microcontrollers within the Analog, MEMS and Microcontrollers ("AMM") product segment. Net revenues also benefited from a longer first half in 2011 (183 days versus 177 days).
