Financial Times FT.com

STMicro buoyed by Asian orders

By Paul Taylor in New York

Published: May 17 2009 22:13 | Last updated: May 17 2009 22:13

STMicroelectronics, Europe’s largest chipmaker, is seeing early signs of a pick-up in orders from its customers, particularly those in Asia excluding Japan, according to Carlo Bozotti, the company’s chief executive.

Mr Bozotti, speaking at the STMicroelectronics’ annual analyst day in New York, said the company had “seen some positive trends over the past couple of weeks”.

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