-- Preliminary Q420 net revenues of $3.24 billion, above the outlook range 
 
   -- Q4&FY20 earnings release date: Thursday January 28, 2021 
 
 
   Geneva -- January 8, 2021 -- STMicroelectronics (NYSE: STM), a global 
semiconductor leader serving customers across the spectrum of 
electronics applications, announced today that its preliminary and 
unaudited net revenues for the fourth quarter ended December 31, 2020 
are above the business outlook range provided in the Company's news 
release dated October 22, 2020. 
 
   Preliminary Q420 net revenues are $3.24 billion, up 21.3% sequentially 
and 580 basis points above the high end of the range. The prior outlook 
was for Q420 net revenues to be $2.99 billion, an increase of 12.0% 
sequentially, plus or minus 350 basis points. 
 
   "We ended Q420 with net revenues above the outlook range due to 
significantly better than expected market dynamics throughout the 
quarter. Our engaged customer programs in Personal Electronics, as well 
as continuous acceleration in demand especially of Automotive products 
and microcontrollers, were the main factors that contributed to this 
result. Our FY20 revenues reached $10.22 billion, an increase of 6.9% 
compared to FY19. I look forward to providing additional details on the 
fourth quarter and full year 2020 as well as on our first quarter 2021 
guidance during our earnings call on January 28, 2021" said Jean-Marc 
Chery, STMicroelectronics' President and CEO. 
 
   The Company will release its fourth quarter and full year 2020 earnings 
before the opening of trading on the European Stock Exchanges on 
Thursday, January 28, 2021. 
 
   The press release will be available immediately after the release on the 
Company's website at 
https://www.globenewswire.com/Tracker?data=frGGGws44_P8VgrR3KyquTTJUuYalq-d0ycnt8MArgAY2KQptPqDUtQBq4AgjhF7zvhH4b_ysd8vjViveyBxNg== 
www.st.com. 
 
   STMicroelectronics will conduct a conference call with analysts, 
investors and reporters to discuss its fourth quarter and full year 2020 
financial results and current business outlook on January 28, 2021 at 
9:30 a.m. Central European Time (CET) / 3:30 a.m. U.S. Eastern Time 
(ET). 
 
   A live webcast (listen-only mode) of the conference call will be 
accessible at ST's website, 
https://www.globenewswire.com/Tracker?data=5rGmF7dr7Iixq93rr2q3HI34-cAkRbHrKOyVxgbyu2zSvIGQRaj3mFuqDJQ8oRPg89m5Sp4_8FnDLk0bdLzxkg4iu9_lRrdCGr53NyEKYDE= 
http://investors.st.com, and will be available for replay until February 
12, 2021. 
 
   As a reminder, the material posted in relation to the Capital Markets 
Day 2020 hosted in four sessions on September 15, 2020 (Microcontrollers 
and Digital Product Group), November 6, 2020 (Automotive and Discrete 
Product Group), November 20, 2020 (Analog, MEMS and Sensors Product 
Group) and December 9, 2020 (Strategic Update) is still available on 
ST's website, 
https://www.globenewswire.com/Tracker?data=5rGmF7dr7Iixq93rr2q3HI34-cAkRbHrKOyVxgbyu2wjgyPR_RY1ArCXxWFmuAw2eEAMJv5xeoYkOjgjBLDdJgIj_ki1o_cSk1efEtXrTqk= 
http://investors.st.com. 
 
   About STMicroelectronics 
 
   At ST, we are 46,000 creators and makers of semiconductor technologies 
mastering the semiconductor supply chain with state-of-the-art 
manufacturing facilities. An independent device manufacturer, we work 
with our 100,000 customers and thousands of partners to design and build 
products, solutions, and ecosystems that address their challenges and 
opportunities, and the need to support a more sustainable world. Our 
technologies enable smarter mobility, more efficient power and energy 
management, and the wide-scale deployment of the Internet of Things and 
5G technology. Further information can be found at 
https://www.globenewswire.com/Tracker?data=frGGGws44_P8VgrR3KyquUp62sNB-saKoUBfclIjGmmRrVEmrx0ZYUyLduYgCxWN1btaoNkDueftmNsPWeY3tg== 
www.st.com. 
 
   For further information, please contact: 
 
   INVESTOR RELATIONS: 
 
   Céline Berthier 
 
   Group VP, Investor Relations 
 
   Tel: +41.22.929.58.12 
 
   celine.berthier@st.com 
https://www.globenewswire.com/Tracker?data=RKtMkiPwLnYVJ7hck1ymeH8QDaN2bx7zbrFB9tG6HW9corzttbhQ3PP5Rx6E1wf57iQt_4-pYQKCaJSZTlBbPtMBQmCyUM6OjtXuHDl7HQA= 
 
 
   MEDIA RELATIONS: 
 
   Alexis Breton 
 
   Corporate External Communications 
 
   Tel: + 33 6 59 16 79 08 
 
   alexis.breton@st.com 
https://www.globenewswire.com/Tracker?data=nAPwOpESEbU-aUn2wDmDeGUWt5vEW_hBqlNo4nMAY-ijhSoXV2rWPxBlNrezDsq78V7vq7rc3n5-fsN1xLeNdDZCgyNM1f2Z_cd9RNHTquU= 
 
 
   Attachment 
 
 
   -- C2976C -Jan 8 - Q42020 - Preliminary revenues and Timing PR -FINAL FOR 
      PUBLICATION 
      https://ml-eu.globenewswire.com/Resource/Download/965ac052-f4e0-4a4a-88f3-c87e8273c0e5

(END) Dow Jones Newswires

January 08, 2021 01:00 ET (06:00 GMT)