{"id":751837,"date":"2023-04-27T01:03:08","date_gmt":"2023-04-27T05:03:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/stmicroelectronics-reports-2023-first-quarter-financial-results\/"},"modified":"2023-04-27T01:03:08","modified_gmt":"2023-04-27T05:03:08","slug":"stmicroelectronics-reports-2023-first-quarter-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/stmicroelectronics-reports-2023-first-quarter-financial-results\/","title":{"rendered":"STMicroelectronics Reports 2023 First Quarter Financial Results"},"content":{"rendered":"<div class=\"mw_release\">\n<p>PR No: C3177C <\/p>\n<p align=\"center\">\n        <strong>STMicroelectronics Reports <\/strong><br \/>\n        <strong>2023<\/strong><br \/>\n        <strong>First Quarter <\/strong><br \/>\n        <strong>Financial Results<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">\n          <strong>Q<\/strong><br \/>\n          <strong>1<\/strong><br \/>\n          <strong> net revenues $<\/strong><br \/>\n          <strong>4.25 <\/strong><br \/>\n          <strong>billion; gross margin <\/strong><br \/>\n          <strong>49.7<\/strong><br \/>\n          <strong>%; operating margin <\/strong><br \/>\n          <strong>28.3<\/strong><br \/>\n          <strong>%<\/strong><br \/>\n          <strong>; net income $<\/strong><br \/>\n          <strong>1.04 <\/strong><br \/>\n          <strong>b<\/strong><br \/>\n          <strong>illion<\/strong>\n        <\/li>\n<li style=\"text-align:justify\">\n          <strong>Q1 <\/strong><br \/>\n          <strong>free cash flow<\/strong><br \/>\n          <sup><br \/>\n            <strong>1<\/strong><br \/>\n          <\/sup><br \/>\n          <strong> $<\/strong><br \/>\n          <strong>206 m<\/strong><br \/>\n          <strong>illion after net capital expenditure payments of $<\/strong><br \/>\n          <strong>1.09 b<\/strong><br \/>\n          <strong>illion<\/strong>\n        <\/li>\n<li style=\"text-align:justify\">\n          <strong>Business outlook at mid-point: Q<\/strong><br \/>\n          <strong>2<\/strong><br \/>\n          <strong> net revenues of $<\/strong><br \/>\n          <strong>4.<\/strong><br \/>\n          <strong>28<\/strong><br \/>\n          <strong>billion and gross margin of <\/strong><br \/>\n          <strong>49.0<\/strong><br \/>\n          <strong>%<\/strong><\/p>\n<\/li>\n<\/ul>\n<p align=\"justify\">\n        <strong>Geneva, <\/strong><br \/>\n        <strong>April<\/strong><br \/>\n        <strong> 2<\/strong><br \/>\n        <strong>7<\/strong><br \/>\n        <strong>, 202<\/strong><br \/>\n        <strong>3<\/strong><br \/>\n        <strong> &#8211; STMicroelectronics (NYSE: STM), <\/strong>a global semiconductor leader serving customers across the spectrum of electronics applications, reported U.S. GAAP financial results for the first quarter ended April 1, 2023. This press release also contains non-U.S. GAAP measures (see Appendix for additional information).<\/p>\n<p align=\"justify\">ST reported first quarter net revenues of $4.25 billion, gross margin of 49.7%, operating margin of 28.3%, and net income of $1.04 billion or $1.10 diluted earnings per share.<\/p>\n<p align=\"justify\">Jean-Marc Chery, STMicroelectronics President &amp; CEO, commented:<\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">\n          <strong>\u201cQ1 net revenues of $<\/strong><br \/>\n          <strong>4.25<\/strong><br \/>\n          <strong>billion<\/strong><br \/>\n          <strong> came in<\/strong><br \/>\n          <strong>better than expected <\/strong><br \/>\n          <strong>in Automotive and Industrial partially offset by <\/strong><br \/>\n          <strong>low<\/strong><br \/>\n          <strong>er revenues in Personal Electronics.<\/strong>\n        <\/li>\n<li style=\"text-align:justify\">\n          <strong>\u201cQ1 <\/strong><br \/>\n          <strong>gross margin of <\/strong><br \/>\n          <strong>49.7<\/strong><br \/>\n          <strong>% <\/strong><br \/>\n          <strong>was 170 basis points above <\/strong><br \/>\n          <strong>the mid-point of our business outlook range<\/strong><br \/>\n          <strong> mainly due to product mix in a price environment that remained favorable<\/strong><br \/>\n          <strong>.<\/strong>\n        <\/li>\n<li style=\"text-align:justify\">\n          <strong>\u201cOn a year-over-year basis, Q1 net revenues increased <\/strong><br \/>\n          <strong>19.8<\/strong><br \/>\n          <strong>%, operating margin increased to <\/strong><br \/>\n          <strong>28.3%<\/strong><br \/>\n          <strong>from <\/strong><br \/>\n          <strong>24.7<\/strong><br \/>\n          <strong>% and net income increased <\/strong><br \/>\n          <strong>39.8<\/strong><br \/>\n          <strong>% to $<\/strong><br \/>\n          <strong>1.04<\/strong><br \/>\n          <strong> billion<\/strong><br \/>\n          <strong>.<\/strong>\n        <\/li>\n<li style=\"text-align:justify\">\n          <strong>\u201c<\/strong><br \/>\n          <strong>Our <\/strong><br \/>\n          <strong>second<\/strong><br \/>\n          <strong> quarter business outlook<\/strong><br \/>\n          <strong>,<\/strong><br \/>\n          <strong> at the mid-point<\/strong><br \/>\n          <strong>,<\/strong><br \/>\n          <strong> is for net revenues of $<\/strong><br \/>\n          <strong>4.<\/strong><br \/>\n          <strong>28<\/strong><br \/>\n          <strong> billion<\/strong><br \/>\n          <strong>, increasing year-over-year<\/strong><br \/>\n          <strong>by <\/strong><br \/>\n          <strong>1<\/strong><br \/>\n          <strong>1.5<\/strong><br \/>\n          <strong>% and <\/strong><br \/>\n          <strong>in<\/strong><br \/>\n          <strong>creasing s<\/strong><br \/>\n          <strong>equentially by <\/strong><br \/>\n          <strong>0.8<\/strong><br \/>\n          <strong>%<\/strong><br \/>\n          <strong>; <\/strong><br \/>\n          <strong>gross margin <\/strong><br \/>\n          <strong>is expected to be<\/strong><br \/>\n          <strong>about <\/strong><br \/>\n          <strong>49.0<\/strong><br \/>\n          <strong>%.<\/strong>\n        <\/li>\n<li style=\"text-align:justify\">\n          <strong>\u201cWe <\/strong><br \/>\n          <strong>will<\/strong><br \/>\n          <strong> now<\/strong><br \/>\n          <strong> drive the Company based on a plan for FY23 revenues in the range of $<\/strong><br \/>\n          <strong>17.0<\/strong><br \/>\n          <strong> billion to $<\/strong><br \/>\n          <strong>17.8<\/strong><br \/>\n          <strong> billion<\/strong><br \/>\n          <strong>.<\/strong><br \/>\n          <strong>\u201d<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>\n        <strong><br \/>\n          <u>Quarterly Financial Summary (U.S. GAAP)<\/u><br \/>\n        <\/strong>\n      <\/p>\n<table style=\"border-collapse: collapse;margin-left:0;width:518.4pt;border-collapse:collapse\">\n<tr>\n<td style=\"width:297.34px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(US$ m, except per share data)<\/td>\n<td style=\"width:78.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Q<\/strong><br \/>\n            <strong>1<\/strong><br \/>\n            <strong> 202<\/strong><br \/>\n            <strong>3<\/strong>\n          <\/td>\n<td style=\"width:78.8px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Q<\/strong><br \/>\n            <strong>4<\/strong><br \/>\n            <strong> 20<\/strong><br \/>\n            <strong>2<\/strong><br \/>\n            <strong>2<\/strong>\n          <\/td>\n<td style=\"width:78.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Q<\/strong><br \/>\n            <strong>1<\/strong><br \/>\n            <strong> 20<\/strong><br \/>\n            <strong>2<\/strong><br \/>\n            <strong>2<\/strong>\n          <\/td>\n<td style=\"width:78.8px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Q\/Q<\/strong>\n          <\/td>\n<td style=\"width:78.8px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Y\/Y<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:297.34px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Net Revenues<\/strong>\n          <\/td>\n<td style=\"width:78.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>$4,247<\/strong>\n          <\/td>\n<td style=\"width:78.8px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>$4,424<\/strong>\n          <\/td>\n<td style=\"width:78.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>$3,546<\/strong>\n          <\/td>\n<td style=\"width:78.8px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>-4.0%<\/strong>\n          <\/td>\n<td style=\"width:78.8px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>19.8%<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:297.34px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Gross Profit<\/td>\n<td style=\"width:78.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">$2,110<\/td>\n<td style=\"width:78.8px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">$2,102<\/td>\n<td style=\"width:78.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">$1,655<\/td>\n<td style=\"width:78.8px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">0.4%<\/td>\n<td style=\"width:78.8px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">27.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"width:297.34px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Gross Margin<\/td>\n<td style=\"width:78.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">49.7%<\/td>\n<td style=\"width:78.8px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">47.5%<\/td>\n<td style=\"width:78.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">46.7%<\/td>\n<td style=\"width:78.8px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">220 bps<\/td>\n<td style=\"width:78.8px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">300 bps<\/td>\n<\/tr>\n<tr>\n<td style=\"width:297.34px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Operating Income<\/td>\n<td style=\"width:78.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">$1,201<\/td>\n<td style=\"width:78.8px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">$1,287<\/td>\n<td style=\"width:78.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">$877<\/td>\n<td style=\"width:78.8px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">-6.7%<\/td>\n<td style=\"width:78.8px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">36.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"width:297.34px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Operating Margin<\/strong>\n          <\/td>\n<td style=\"width:78.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>28.3%<\/strong>\n          <\/td>\n<td style=\"width:78.8px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>29.1%<\/strong>\n          <\/td>\n<td style=\"width:78.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>24.7%<\/strong>\n          <\/td>\n<td style=\"width:78.8px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>-80 bps<\/strong>\n          <\/td>\n<td style=\"width:78.8px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>360 bps<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:297.34px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Net Income<\/td>\n<td style=\"width:78.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">$1,044<\/td>\n<td style=\"width:78.8px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">$1,248<\/td>\n<td style=\"width:78.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">$747<\/td>\n<td style=\"width:78.8px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">-16.3%<\/td>\n<td style=\"width:78.8px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">39.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"width:297.34px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Diluted Earnings Per Share<\/strong>\n          <\/td>\n<td style=\"width:78.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>$1.10<\/strong>\n          <\/td>\n<td style=\"width:78.8px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>$<\/strong><br \/>\n            <strong>1.32<\/strong>\n          <\/td>\n<td style=\"width:78.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>$0.<\/strong><br \/>\n            <strong>79<\/strong>\n          <\/td>\n<td style=\"width:78.8px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>-16.7%<\/strong>\n          <\/td>\n<td style=\"width:78.8px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>39.2%<\/strong>\n          <\/td>\n<\/tr>\n<\/table>\n<p>\n        <strong><br \/>\n          <u>F<\/u><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <u>irst<\/u><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <u> Quarter 202<\/u><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <u>3<\/u><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <u> Summary Review<\/u><br \/>\n        <\/strong>\n      <\/p>\n<table style=\"border-collapse: collapse;width:518.4pt;border-collapse:collapse\">\n<tr>\n<td style=\"width:345.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Net Revenues <\/strong><br \/>\n            <strong>By<\/strong><br \/>\n            <strong> Product Group <\/strong>(US$ m)<\/td>\n<td style=\"width:69.07px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Q<\/strong><br \/>\n            <strong>1<\/strong><br \/>\n            <strong> 202<\/strong><br \/>\n            <strong>3<\/strong>\n          <\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Q<\/strong><br \/>\n            <strong>4<\/strong><br \/>\n            <strong> 202<\/strong><br \/>\n            <strong>2<\/strong>\n          <\/td>\n<td style=\"width:69.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Q<\/strong><br \/>\n            <strong>1<\/strong><br \/>\n            <strong> 20<\/strong><br \/>\n            <strong>2<\/strong><br \/>\n            <strong>2<\/strong>\n          <\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Q\/Q<\/strong>\n          <\/td>\n<td style=\"width:69.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Y\/Y<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:345.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Automotive and Discrete Group (ADG)<\/td>\n<td style=\"width:69.07px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,807<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,696<\/td>\n<td style=\"width:69.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,256<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">6.5%<\/td>\n<td style=\"width:69.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">43.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"width:345.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Analog, MEMS and Sensors Group (AMS)<\/td>\n<td style=\"width:69.07px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,068<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,339<\/td>\n<td style=\"width:69.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,077<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">-20.3%<\/td>\n<td style=\"width:69.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">-0.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"width:345.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Microcontrollers and Digital ICs Group (MDG)<\/td>\n<td style=\"width:69.07px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,368<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,383<\/td>\n<td style=\"width:69.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,208<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">-1.1%<\/td>\n<td style=\"width:69.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">13.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"width:345.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Others<\/td>\n<td style=\"width:69.07px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">4<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">6<\/td>\n<td style=\"width:69.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">5<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">&#8211;<\/td>\n<td style=\"width:69.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">&#8211;<\/td>\n<\/tr>\n<tr>\n<td style=\"width:345.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Total Net Revenues<\/strong>\n          <\/td>\n<td style=\"width:69.07px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>4,247<\/strong>\n          <\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>4,424<\/strong>\n          <\/td>\n<td style=\"width:69.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>3,546<\/strong>\n          <\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>-4.0%<\/strong>\n          <\/td>\n<td style=\"width:69.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>19.8%<\/strong>\n          <\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Net revenues <\/u><br \/>\n        <\/strong>totaled $4.25 billion, representing a year-over-year increase of 19.8%. On a year-over-year basis, ADG and MDG revenues increased 43.9% and 13.2%, respectively, while AMS slightly decreased 0.9%. Year-over-year net sales to OEMs and Distribution increased 17.5% and 24.0%, respectively. On a sequential basis, net revenues decreased 4.0%, 110 basis points better than the mid-point of the Company\u2019s guidance. ADG reported an increase in net revenues on a sequential basis, while AMS and MDG decreased, as expected.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Gross profit<\/u><br \/>\n        <\/strong> totaled $2.11 billion, representing a year-over-year increase of 27.5%. <strong><u>Gross margin<\/u><\/strong> of 49.7% increased 300 basis points year-over-year, mainly due to product mix, favorable pricing, positive currency effects, net of hedging, partially offset by higher manufacturing costs.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Operating income<\/u><br \/>\n        <\/strong> increased 36.9% to $1.20 billion, compared to $0.88 billion in the year-ago quarter. The Company\u2019s <strong><u>operating margin<\/u><\/strong> increased 360 basis points on a year-over-year basis to 28.3% of net revenues, compared to 24.7% in the 2022 first quarter.<\/p>\n<p align=\"justify\">By <strong><u>product group<\/u><\/strong>, compared with the year-ago quarter:<\/p>\n<p align=\"justify\">\n        <u>Automotive and Discrete Group (ADG)<\/u>:<\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">Revenue increased in Automotive and in Power Discrete.<\/li>\n<li style=\"text-align:justify\">Operating profit increased by 145.3% to $577.4 million. Operating margin was 32.0% compared to 18.7%.<\/li>\n<\/ul>\n<p align=\"justify\">\n        <u>Analog, <\/u><br \/>\n        <u>MEMS<\/u><br \/>\n        <u> and Sensors Group (AMS)<\/u>:<\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">Revenue increased in Imaging, and decreased in Analog and in MEMS.<\/li>\n<li style=\"text-align:justify\">Operating profit decreased by 11.6% to $217.9 million. Operating margin was 20.4% compared to 22.9%.<\/li>\n<\/ul>\n<p align=\"justify\">\n        <u>Microcontrollers and Digital <\/u><br \/>\n        <u>ICs<\/u><br \/>\n        <u>Group <\/u><br \/>\n        <u>(MDG)<\/u>:<\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">Revenue increased in Microcontrollers and in RF Communications.<\/li>\n<li style=\"text-align:justify\">Operating profit increased by 21.7% to $494.7 million. Operating margin was 36.2% compared to 33.7%.<\/li>\n<\/ul>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Net income<\/u><br \/>\n        <\/strong> and <strong><u>diluted earnings per share<\/u><\/strong> increased to $1.04 billion and $1.10 respectively, compared to $0.75 billion and $0.79 respectively, in the year-ago quarter.<\/p>\n<p>\n        <strong><br \/>\n          <u>Cash Flow and Balance Sheet Highlights<\/u><br \/>\n        <\/strong>\n      <\/p>\n<table style=\"border-collapse: collapse;width:518.4pt;border-collapse:collapse\">\n<tr>\n<td style=\"width:18.38%;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:5.27%;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:5.26%;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:5.27%;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"3\" style=\"width:15.81%;vertical-align: middle;text-align: left;padding-left: 10.0px;text-align: center;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Trailing 12 Months<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:18.38%;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(US$ m) <\/td>\n<td style=\"width:5.27%;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Q<\/strong><br \/>\n            <strong>1<\/strong><br \/>\n            <strong> 202<\/strong><br \/>\n            <strong>3<\/strong>\n          <\/td>\n<td style=\"width:5.26%;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Q<\/strong><br \/>\n            <strong>4<\/strong><br \/>\n            <strong> 20<\/strong><br \/>\n            <strong>2<\/strong><br \/>\n            <strong>2<\/strong>\n          <\/td>\n<td style=\"width:5.27%;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Q<\/strong><br \/>\n            <strong>1<\/strong><br \/>\n            <strong> 20<\/strong><br \/>\n            <strong>2<\/strong><br \/>\n            <strong>2<\/strong>\n          <\/td>\n<td style=\"width:5.27%;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Q<\/strong><br \/>\n            <strong>1<\/strong><br \/>\n            <strong> 202<\/strong><br \/>\n            <strong>3<\/strong>\n          <\/td>\n<td style=\"width:5.27%;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Q<\/strong><br \/>\n            <strong>1<\/strong><br \/>\n            <strong> 20<\/strong><br \/>\n            <strong>2<\/strong><br \/>\n            <strong>2<\/strong>\n          <\/td>\n<td style=\"width:5.27%;vertical-align: middle;text-align: left;padding-left: 10.0px;text-align: center;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>TTM Change <\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:18.38%;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Net cash from operating activities<\/td>\n<td style=\"width:5.27%;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,320<\/td>\n<td style=\"width:5.26%;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,550<\/td>\n<td style=\"width:5.27%;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">945<\/td>\n<td style=\"width:5.27%;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">5,577<\/td>\n<td style=\"width:5.27%;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">3,323<\/td>\n<td style=\"width:5.27%;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">67.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"width:18.38%;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Free cash flow (non-U.S. GAAP)<\/td>\n<td style=\"width:5.27%;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">206<\/td>\n<td style=\"width:5.26%;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">603<\/td>\n<td style=\"width:5.27%;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">82<\/td>\n<td style=\"width:5.27%;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,715<\/td>\n<td style=\"width:5.27%;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">941<\/td>\n<td style=\"width:5.27%;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">82.3%<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">Capital expenditure payments, net of proceeds from sales, were $1.09 billion in the first quarter. In the year-ago period, capital expenditures, net, were $0.84 billion.<\/p>\n<p align=\"justify\">Inventory at the end of the first quarter was $2.87 billion, compared to $2.15 billion in the year-ago quarter. Days sales of inventory at quarter-end was 122 days compared to 104 days in the year-ago quarter.<\/p>\n<p align=\"justify\">Net cash from operating activities was $1.32 billion in the first quarter compared to $0.95 billion in the year-ago quarter. <br \/>Free cash flow (non-U.S. GAAP) was $206 million compared to $82 million in the year-ago quarter.<\/p>\n<p align=\"justify\">In the first quarter, the Company paid cash dividends to its stockholders totaling $54 million and executed a $87 million share buy-back as part of its current share repurchase program.<\/p>\n<p align=\"justify\">ST\u2019s net financial position (non-U.S. GAAP) was $1.86 billion as of April 1, 2023, compared to $1.80 billion as of December 31, 2022 and reflected total liquidity of $4.52 billion and total financial debt of $2.66 billion.<\/p>\n<p>\n        <strong><br \/>\n          <u>Business Outlook<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">The Company\u2019s guidance, at the mid-point, for the 2023 second quarter is:<\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">Net revenues are expected to be $4.28 billion, an increase of 0.8% sequentially, plus or minus 350 basis points.<\/li>\n<li style=\"text-align:justify\">Gross margin of 49.0%, plus or minus 200 basis points.<\/li>\n<li style=\"text-align:justify\">This outlook is based on an assumed effective currency exchange rate of approximately $1.08 = \u20ac1.00 for the 2023 second quarter and includes the impact of existing hedging contracts.<\/li>\n<li style=\"text-align:justify\">The second quarter will close on July 1, 2023.<\/li>\n<\/ul>\n<p>\n        <strong><br \/>\n          <u>Conference Call and Webcast Information<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">STMicroelectronics will conduct a conference call with analysts, investors and reporters to discuss its first quarter 2023 financial results and current business outlook today 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\u2019s website, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=XGf7ZPypmPQw7MCsYiiQr0ov5Pv340uTAOndrFNJkZO5qW5b-gI7Z3UTXuXl1NQ0QdQQQL8K0i6sC9lluyVwmcm4KiZTQGF0YkU2rCNelJI=\" rel=\"nofollow noopener\" target=\"_blank\">http:\/\/investors.st.com<\/a>, and will be available for replay until May 12, 2023.<\/p>\n<p>\n        <strong><br \/>\n          <u>Use of Supplemental Non-U.S. GAAP Financial Information<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">This press release contains supplemental non-U.S. GAAP financial information.<\/p>\n<p align=\"justify\">Readers are cautioned that these measures are unaudited and not prepared in accordance with U.S. GAAP and should not be considered as a substitute for U.S. GAAP financial measures. In addition, such non-U.S. GAAP financial measures may not be comparable to similarly titled information from other companies. To compensate for these limitations, the supplemental non-U.S. GAAP financial information should not be read in isolation, but only in conjunction with the Company\u2019s consolidated financial statements prepared in accordance with U.S. GAAP.<\/p>\n<p align=\"justify\">See the Appendix of this press release for a reconciliation of the Company\u2019s non-U.S. GAAP financial measures to their corresponding U.S. GAAP financial measures.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Forward-looking Information <\/u><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">\n        <em>Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities Exchange Act of 1934, each as amended) that are based on management\u2019s current views and assumptions, and are conditioned upon and also involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those anticipated by such statements, due to, among other factors:<\/em>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">\n          <em>changes in global trade policies, including the adoption and expansion of tariffs and trade barriers, that could affect the macro-economic environment and adversely impact the demand for our <\/em><br \/>\n          <em>products;<\/em>\n        <\/li>\n<li style=\"text-align:justify\">\n          <em>uncertain macro-economic and industry trends (such as inflation and fluctuations in supply chains), which may impact production capacity and end-market demand for our products;<\/em>\n        <\/li>\n<li style=\"text-align:justify\">\n          <em>customer demand that differs from <\/em><br \/>\n          <em>projections;<\/em>\n        <\/li>\n<li style=\"text-align:justify\">\n          <em>the ability to design, manufacture and sell innovative products in a rapidly changing technological<\/em><br \/>\n          <em>environment;<\/em>\n        <\/li>\n<li style=\"text-align:justify\">\n          <em>changes in economic, social, public health, labor, political, or infrastructure conditions in the locations where we, our customers, or our suppliers operate, including as a result of macroeconomic or regional events, geopolitical and military conflicts (including the ongoing conflict between Russia and Ukraine), social unrest, labor actions, or terrorist <\/em><br \/>\n          <em>activities;<\/em>\n        <\/li>\n<li style=\"text-align:justify\">\n          <em>unanticipated events or circumstances, which may impact our ability to execute our plans and\/or meet the objectives of our R&amp;D and manufacturing programs, which benefit from public <\/em><br \/>\n          <em>funding;<\/em>\n        <\/li>\n<li style=\"text-align:justify\">\n          <em>financial difficulties with any of our major distributors or significant curtailment of purchases by key <\/em><br \/>\n          <em>customers;<\/em>\n        <\/li>\n<li style=\"text-align:justify\">\n          <em>the loading, product mix, and manufacturing performance of our production facilities and\/or our<\/em><br \/>\n          <em>required volume to fulfill capacity reserved with suppliers or third-party manufacturing <\/em><br \/>\n          <em>providers;<\/em>\n        <\/li>\n<li style=\"text-align:justify\">\n          <em>availability and costs of equipment, raw materials, utilities, third-party manufacturing services and<\/em><br \/>\n          <em>technology, or other supplies required by our operations (including increasing costs resulting from<\/em><br \/>\n          <em>inflation<\/em><br \/>\n          <em>);<\/em>\n        <\/li>\n<li style=\"text-align:justify\">\n          <em>the functionalities and performance of our <\/em><br \/>\n          <em>information technology (\u201c<\/em><br \/>\n          <em>IT<\/em><br \/>\n          <em>\u201d)<\/em><br \/>\n          <em> systems, which are subject to cybersecurity <\/em><br \/>\n          <em>threats<\/em><br \/>\n          <em> and<\/em><br \/>\n          <em>which support our critical operational activities including manufacturing, finance and sales, and any<\/em><br \/>\n          <em>breaches of our IT systems or those of our customers, suppliers, partners and providers of <\/em><br \/>\n          <em>third-party<\/em><br \/>\n          <em> licensed technology;<\/em>\n        <\/li>\n<li style=\"text-align:justify\">\n          <em>theft, loss, or misuse of personal data about our employees, customers, or other third parties, and<\/em><br \/>\n          <em>breaches of data privacy <\/em><br \/>\n          <em>legislation;<\/em>\n        <\/li>\n<li style=\"text-align:justify\">\n          <em>the impact of intellectual property claims by our competitors or other third parties, and our<\/em><br \/>\n          <em>ability to obtain required licenses on reasonable terms and <\/em><br \/>\n          <em>conditions;<\/em>\n        <\/li>\n<li style=\"text-align:justify\">\n          <em>changes in our overall tax position as a result of changes in tax rules, new or revised legislation, the<\/em><br \/>\n          <em>outcome of tax audits or changes in international tax treaties which may impact our results of<\/em><br \/>\n          <em>operations as well as our ability to accurately estimate tax credits, benefits, deductions and<\/em><br \/>\n          <em>provisions and to realize deferred tax <\/em><br \/>\n          <em>assets;<\/em>\n        <\/li>\n<li style=\"text-align:justify\">\n          <em>variations in the foreign exchange markets and, more particularly, the U.S. dollar exchange rate as<\/em><br \/>\n          <em>compared to the Euro and the other major currencies we use for our <\/em><br \/>\n          <em>operations;<\/em>\n        <\/li>\n<li style=\"text-align:justify\">\n          <em>the outcome of ongoing litigation as well as the impact of any new litigation to which we may<\/em><br \/>\n          <em>become a <\/em><br \/>\n          <em>defendant;<\/em>\n        <\/li>\n<li style=\"text-align:justify\">\n          <em>product liability or warranty claims, claims based on epidemic or delivery failure, or other claims<\/em><br \/>\n          <em>relating to our products, or recalls by our customers for products containing our parts;<\/em>\n        <\/li>\n<li style=\"text-align:justify\">\n          <em>natural events such as severe weather, earthquakes, tsunamis, volcano eruptions or other acts of<\/em><br \/>\n          <em>nature, the effects of climate change, health risks and epidemics or pandemics such as the COVID<\/em><br \/>\n          <em>&#8211;<\/em><br \/>\n          <em>19 pandemic in locations where we, our customers or our suppliers operate;<\/em>\n        <\/li>\n<li style=\"text-align:justify\">\n          <em>increased regulation and initiatives in our industry, including those concerning climate change and<\/em><br \/>\n          <em>sustainability matters and our goal to become carbon neutral by 2027;<\/em>\n        <\/li>\n<li style=\"text-align:justify\">\n          <em>potential loss of key employees and potential inability to recruit and retain qualified employees as a<\/em><br \/>\n          <em>result of epidemics or pandemics such as the COVID-19 pandemic, remote-working arrangements<\/em><br \/>\n          <em>and the corresponding limitation on social and professional interaction;<\/em>\n        <\/li>\n<li style=\"text-align:justify\">\n          <em>the duration and the severity of the global outbreak of COVID-19 may continue to negatively<\/em><br \/>\n          <em>impact the global economy in a significant manner for an extended period of time, and also could<\/em><br \/>\n          <em>materially adversely affect our business and operating <\/em><br \/>\n          <em>results;<\/em>\n        <\/li>\n<li style=\"text-align:justify\">\n          <em>industry changes resulting from vertical and horizontal consolidation among our suppliers,<\/em><br \/>\n          <em>competitors, and customers; and<\/em>\n        <\/li>\n<li style=\"text-align:justify\">\n          <em>the ability to successfully ramp up new programs that could be impacted by factors beyond our<\/em><br \/>\n          <em>control, including the availability of critical third-party components and performance of<\/em><br \/>\n          <em>subcontractors in line with our expectations.<\/em>\n        <\/li>\n<\/ul>\n<p align=\"justify\">\n        <em>Such forward-looking statements are subject to various risks and uncertainties, which may cause actual results and performance of our business to differ materially and adversely from the forward-looking statements. Certain forward-looking statements can be identified by the use of forward looking terminology, such as \u201cbelieves,\u201d \u201cexpects,\u201d \u201cmay,\u201d \u201care expected to,\u201d \u201cshould,\u201d \u201cwould be,\u201d \u201cseeks\u201d or \u201canticipates\u201d or similar expressions or the negative thereof or other variations thereof or comparable terminology, or by discussions of strategy, plans or intentions.<\/em>\n      <\/p>\n<p align=\"justify\">\n        <em>Some of these risk<\/em><br \/>\n        <em>s<\/em><br \/>\n        <em> are set forth and are discussed in more detail in \u201cItem 3. Key Information \u2014 Risk Factors\u201d included in our Annual Report on Form 20-F for the year ended December 31, 202<\/em><br \/>\n        <em>2<\/em><br \/>\n        <em> as filed with the <\/em><br \/>\n        <em>Securities and Exchange Commission (\u201c<\/em><br \/>\n        <em>SEC<\/em><br \/>\n        <em>\u201d)<\/em><br \/>\n        <em> on February 2<\/em><br \/>\n        <em>3<\/em><br \/>\n        <em>, 202<\/em><br \/>\n        <em>3<\/em><br \/>\n        <em>. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this <\/em><br \/>\n        <em>press <\/em><br \/>\n        <em>release as anticipated, believed, or expected. We do not intend, and do not assume any obligation, to update any industry information or forward-looking statements set forth in this release to reflect subsequent events or circumstances.<\/em>\n      <\/p>\n<p align=\"justify\">\n        <em>Unfavorable changes in the above or other risks or uncertainties listed under \u201cItem 3. Key Information \u2014 Risk Factors\u201d<\/em><br \/>\n        <br \/>\n        <em>from time to time in our <\/em><br \/>\n        <em>SEC<\/em><br \/>\n        <em> filings, could have a material adverse effect on our business<\/em><br \/>\n        <br \/>\n        <em>and\/or financial condition.<\/em>\n      <\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>About STMicroelectronics<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">At ST, we are over 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 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.\u00a0Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of the Internet of Things and connectivity. We are committed to achieving our goal of becoming carbon neutral by 2027. Further information can be found at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6bQr6IC-j6EtN61vbNdMXYJyyBxYYegKpNwOK6gi1Se2QEd95yn9w6Ef69O2a6LuJah6akmbz_N-4hj6fvGHtU7_JXsAt2Kx7nHNWRKpROo5dQYD2WLKTFS25tGKm-UrmuqhBkbrxNwUJfUFp0vXuw==\" rel=\"nofollow noopener\" target=\"_blank\">www.st.com<\/a>.<\/p>\n<p>\n        <strong>For further information, please contact:<\/strong>\n      <\/p>\n<p>\n        <strong>INVESTOR RELATIONS:<\/strong><br \/>\n        <br \/>C\u00e9line Berthier<br \/>Group VP, Investor Relations<br \/>Tel: +41 22 929 58 12<br \/>celine.berthier@st.com<\/p>\n<p>\n        <strong>MEDIA RELATIONS:<\/strong><br \/>\n        <br \/>Alexis Breton<br \/>Corporate External Communications<br \/>Tel: + 33 6 59 16 79 08<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ehGu0R-bySrIQ4rE1XMh5pzp1MbwSSEsZUG7suEIdXiZMznN85S_w8aPAHssnK_W-eRuKRIf7b8Gpo5vcyFWGIZkywQb8MWDSr9Yg9YY4H0=\" rel=\"nofollow noopener\" target=\"_blank\">alexis.breton@st.com<\/a><\/p>\n<table style=\"border-collapse: collapse;width:549.5pt;border-collapse:collapse\">\n<tr>\n<td style=\"width:485.74px;border-top: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>STMicroelectronics N.V.<\/strong>\n          <\/td>\n<td style=\"width:114.6px;border-top: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:109.4px;border-top: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:22.94px;border-top: solid black 1pt;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>CONSOLIDATED STATEMENTS OF INCOME<\/strong>\n          <\/td>\n<td style=\"width:114.6px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:109.4px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>(<\/strong><br \/>\n            <strong>in<\/strong><br \/>\n            <strong> millions of U.S. dollars, except per share data ($))<\/strong>\n          <\/td>\n<td style=\"width:114.6px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:109.4px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:114.6px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:109.4px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:224px;text-align: center;vertical-align: middle;vertical-align: top\">\n            <strong>Three months ended<\/strong>\n          <\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:114.6px;text-align: center;vertical-align: middle;vertical-align: top\">April 1,<\/td>\n<td style=\"width:109.4px;text-align: center;vertical-align: middle;vertical-align: top\">April 2,<\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:114.6px;text-align: center;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\">2023<\/td>\n<td style=\"width:109.4px;text-align: center;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\">2022<\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:114.6px;text-align: right;vertical-align: middle;vertical-align: top\">\n            <u>(Unaudited)<\/u>\n          <\/td>\n<td style=\"width:109.4px;text-align: right;vertical-align: middle;vertical-align: top\">\n            <u>(Unaudited)<\/u>\n          <\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:114.6px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:109.4px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">Net sales<\/td>\n<td style=\"width:114.6px;text-align: right;vertical-align: middle;vertical-align: top\"> 4,241 <\/td>\n<td style=\"width:109.4px;text-align: right;vertical-align: middle;vertical-align: top\"> 3,540 <\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">Other revenues<\/td>\n<td style=\"width:114.6px;text-align: right;vertical-align: middle;vertical-align: top\"> 6 <\/td>\n<td style=\"width:109.4px;text-align: right;vertical-align: middle;vertical-align: top\"> 6 <\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>NET REVENUES<\/strong>\n          <\/td>\n<td style=\"width:114.6px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: top\">\n            <strong> 4,247 <\/strong>\n          <\/td>\n<td style=\"width:109.4px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: top\">\n            <strong> 3,546 <\/strong>\n          <\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">Cost of sales<\/td>\n<td style=\"width:114.6px;text-align: right;vertical-align: middle;vertical-align: top\"> (2,137)<\/td>\n<td style=\"width:109.4px;text-align: right;vertical-align: middle;vertical-align: top\"> (1,891)<\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>GROSS PROFIT<\/strong>\n          <\/td>\n<td style=\"width:114.6px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: top\">\n            <strong> 2,110 <\/strong>\n          <\/td>\n<td style=\"width:109.4px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: top\">\n            <strong> 1,655 <\/strong>\n          <\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">Selling, general and administrative<\/td>\n<td style=\"width:114.6px;text-align: right;vertical-align: middle;vertical-align: top\"> (395)<\/td>\n<td style=\"width:109.4px;text-align: right;vertical-align: middle;vertical-align: top\"> (358)<\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">Research and development<\/td>\n<td style=\"width:114.6px;text-align: right;vertical-align: middle;vertical-align: top\"> (505)<\/td>\n<td style=\"width:109.4px;text-align: right;vertical-align: middle;vertical-align: top\"> (477)<\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">Other income and expenses, net<\/td>\n<td style=\"width:114.6px;text-align: right;vertical-align: middle;vertical-align: top\"> (9)<\/td>\n<td style=\"width:109.4px;text-align: right;vertical-align: middle;vertical-align: top\"> 57 <\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">Total operating expenses<\/td>\n<td style=\"width:114.6px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: top\"> (909)<\/td>\n<td style=\"width:109.4px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: top\"> (778)<\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>OPERATING INCOME<\/strong>\n          <\/td>\n<td style=\"width:114.6px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: top\">\n            <strong> 1,201 <\/strong>\n          <\/td>\n<td style=\"width:109.4px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: top\">\n            <strong> 877 <\/strong>\n          <\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">Interest income, net<\/td>\n<td style=\"width:114.6px;text-align: right;vertical-align: middle;vertical-align: top\"> 37 <\/td>\n<td style=\"width:109.4px;text-align: right;vertical-align: middle;vertical-align: top\"> 1 <\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">Other components of pension benefit costs<\/td>\n<td style=\"width:114.6px;text-align: right;vertical-align: middle;vertical-align: top\"> (5)<\/td>\n<td style=\"width:109.4px;text-align: right;vertical-align: middle;vertical-align: top\"> (3)<\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST<\/strong>\n          <\/td>\n<td style=\"width:114.6px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: top\">\n            <strong> 1,233 <\/strong>\n          <\/td>\n<td style=\"width:109.4px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: top\">\n            <strong> 875 <\/strong>\n          <\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">Income tax expense<\/td>\n<td style=\"width:114.6px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\"> (187)<\/td>\n<td style=\"width:109.4px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\"> (129)<\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>NET INCOME<\/strong>\n          <\/td>\n<td style=\"width:114.6px;text-align: right;vertical-align: middle;vertical-align: top\">\n            <strong> 1,046 <\/strong>\n          <\/td>\n<td style=\"width:109.4px;text-align: right;vertical-align: middle;vertical-align: top\">\n            <strong> 746 <\/strong>\n          <\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">Net income attributable to noncontrolling interest<\/td>\n<td style=\"width:114.6px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\"> (2)<\/td>\n<td style=\"width:109.4px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\"> 1 <\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>NET INCOME ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS<\/strong>\n          <\/td>\n<td style=\"width:114.6px;text-align: right;vertical-align: middle;border-bottom: double 15px 3pt;vertical-align: top\">\n            <strong> 1,044 <\/strong>\n          <\/td>\n<td style=\"width:109.4px;text-align: right;vertical-align: middle;border-bottom: double 15px 3pt;vertical-align: top\">\n            <strong> 747 <\/strong>\n          <\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:114.6px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:109.4px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS<\/strong>\n          <\/td>\n<td style=\"width:114.6px;text-align: right;vertical-align: middle;vertical-align: top\">\n            <strong> 1.16 <\/strong>\n          <\/td>\n<td style=\"width:109.4px;text-align: right;vertical-align: middle;vertical-align: top\">\n            <strong> 0.82 <\/strong>\n          <\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS<\/strong>\n          <\/td>\n<td style=\"width:114.6px;text-align: right;vertical-align: middle;vertical-align: top\">\n            <strong> 1.10 <\/strong>\n          <\/td>\n<td style=\"width:109.4px;text-align: right;vertical-align: middle;vertical-align: top\">\n            <strong> 0.79 <\/strong>\n          <\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:114.6px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:109.4px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS<\/strong>\n          <\/td>\n<td style=\"width:114.6px;text-align: right;vertical-align: middle;vertical-align: top\">\n            <strong>945.3<\/strong>\n          <\/td>\n<td style=\"width:109.4px;text-align: right;vertical-align: middle;vertical-align: top\">\n            <strong>948.4<\/strong>\n          <\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:485.74px;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:114.6px;border-bottom: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:109.4px;border-bottom: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:22.94px;border-right: solid black 1pt;border-bottom: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p>\n        \n      <\/p>\n<table style=\"border-collapse: collapse;margin-left:0;border-collapse:collapse\">\n<tr>\n<td style=\"width:350.07px;border-top: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:91.4px;border-top: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.67px;border-top: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.74px;border-top: solid black 1pt;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>STMicroelectronics N.V.<\/strong>\n          <\/td>\n<td style=\"width:91.4px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.67px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.74px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>CONSOLIDATED BALANCE SHEETS<\/strong>\n          <\/td>\n<td style=\"width:91.4px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.67px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.74px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>As at<\/strong>\n          <\/td>\n<td style=\"width:91.4px;text-align: center;vertical-align: middle;vertical-align: top\">April 1,<\/td>\n<td style=\"width:90.67px;text-align: center;vertical-align: middle;vertical-align: top\">December 31,<\/td>\n<td style=\"width:90.74px;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">April 2,<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>In millions of U.S. dollars<\/strong>\n          <\/td>\n<td style=\"width:91.4px;text-align: center;vertical-align: middle;vertical-align: top\">2023<\/td>\n<td style=\"width:90.67px;text-align: center;vertical-align: middle;vertical-align: top\">2022<\/td>\n<td style=\"width:90.74px;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">2022<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:91.4px;text-align: center;vertical-align: middle;border-top: solid black 1pt;vertical-align: top\">(Unaudited)<\/td>\n<td style=\"width:90.67px;text-align: center;vertical-align: middle;border-top: solid black 1pt;vertical-align: top\">(Audited)<\/td>\n<td style=\"width:90.74px;text-align: center;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;vertical-align: top\">(Unaudited)<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">\n            <u><br \/>\n              <strong>ASSETS<\/strong><br \/>\n            <\/u>\n          <\/td>\n<td style=\"width:91.4px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.67px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.74px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Current assets:<\/strong>\n          <\/td>\n<td style=\"width:91.4px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.67px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.74px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Cash and cash equivalents<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">3,572 <\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">3,258 <\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">2,828 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Short-term deposits<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">106 <\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">581 <\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">427 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Marketable securities<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">841 <\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">679 <\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">139 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Trade accounts receivable, net<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">2,013 <\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">1,970 <\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">1,809 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Inventories<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">2,870 <\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">2,583 <\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">2,147 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Other current assets<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">962 <\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">734 <\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">633 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Total current assets<\/strong>\n          <\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: top\">\n            <strong>10,364<\/strong>\n          <\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: top\">\n            <strong>9,805<\/strong>\n          <\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;vertical-align: top\">\n            <strong>7,983<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Goodwill<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">300<\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">297<\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">307<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Other intangible assets, net<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">403<\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">405<\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">462<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Property, plant and equipment, net<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">8,847<\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">8,201<\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">6,151<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Non-current deferred tax assets<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">582<\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">602<\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">604<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Long-term investments<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">11<\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">11<\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">10<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Other non-current assets<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">697<\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">661<\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">705<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: top\">\n            <strong>10,840<\/strong>\n          <\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: top\">\n            <strong>10,177<\/strong>\n          <\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;vertical-align: top\">\n            <strong>8,239<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Total assets<\/strong>\n          <\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\">\n            <strong>21,204<\/strong>\n          <\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\">\n            <strong>19,982<\/strong>\n          <\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;border-bottom: solid black 1pt;vertical-align: top\">\n            <strong>16,222<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:91.4px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.67px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.74px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">\n            <u><br \/>\n              <strong>LIABILITIES AND EQUITY<\/strong><br \/>\n            <\/u>\n          <\/td>\n<td style=\"width:91.4px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.67px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.74px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Current liabilities:<\/strong>\n          <\/td>\n<td style=\"width:91.4px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.67px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.74px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Short-term debt<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">176<\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">175<\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">140<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Trade accounts payable<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">2,095<\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">2,122<\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">1,608<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Other payables and accrued liabilities<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">1,544<\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">1,385<\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">1,207<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Dividends payable to stockholders<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">6<\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">60<\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">6<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Accrued income tax<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">193<\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">95<\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">113<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Total current liabilities<\/strong>\n          <\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: top\">\n            <strong>4,014<\/strong>\n          <\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: top\">\n            <strong>3,837<\/strong>\n          <\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;vertical-align: top\">\n            <strong>3,074<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Long-term debt<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">2,488 <\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">2,542 <\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">2,414 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Post-employment benefit obligations<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">337 <\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">331 <\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">436 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Long-term deferred tax liabilities<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">55 <\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">60 <\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">47 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Other long-term liabilities<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">445 <\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">454 <\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">424 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: top\">\n            <strong>3,325<\/strong>\n          <\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: top\">\n            <strong>3,387<\/strong>\n          <\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;vertical-align: top\">\n            <strong>3,321<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Total liabilities<\/strong>\n          <\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">\n            <strong>7,339<\/strong>\n          <\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">\n            <strong>7,224<\/strong>\n          <\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">\n            <strong>6,395<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Commitment and contingencies<\/td>\n<td style=\"width:91.4px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.67px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.74px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Equity<\/strong>\n          <\/td>\n<td style=\"width:91.4px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.67px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.74px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Parent company stockholders&#8217; equity<\/td>\n<td style=\"width:91.4px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.67px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.74px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Common stock (preferred stock: 540,000,000 shares authorized, not issued; common stock: Euro 1.04 par value, 1,200,000,000 shares authorized, 911,281,920 shares issued, 902,031,407 shares outstanding as of April 1, 2023)<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">1,157<\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">1,157<\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">1,157<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Additional Paid-in Capital<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">2,693 <\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">2,631 <\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">2,472 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Retained earnings<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">9,754 <\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">8,713 <\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">5,995 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Accumulated other comprehensive income <\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">546 <\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">460 <\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">426 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Treasury stock<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\">(352)<\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\">(268)<\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;border-bottom: solid black 1pt;vertical-align: top\">(286)<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Total parent company stockholders&#8217; equity<\/strong>\n          <\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">\n            <strong>13,798<\/strong>\n          <\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">\n            <strong>12,693<\/strong>\n          <\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">\n            <strong>9,764<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">Noncontrolling interest<\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;vertical-align: top\">67<\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;vertical-align: top\">65<\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">63<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Total equity<\/strong>\n          <\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: top\">\n            <strong>13,865<\/strong>\n          <\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: top\">\n            <strong>12,758<\/strong>\n          <\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;vertical-align: top\">\n            <strong>9,827<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Total liabilities and equity<\/strong>\n          <\/td>\n<td style=\"width:91.4px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\">\n            <strong>21,204<\/strong>\n          <\/td>\n<td style=\"width:90.67px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\">\n            <strong>19,982<\/strong>\n          <\/td>\n<td style=\"width:90.74px;text-align: right;vertical-align: middle;border-right: solid black 1pt;border-bottom: solid black 1pt;vertical-align: top\">\n            <strong>16,222<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:91.4px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.67px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.74px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:350.07px;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:91.4px;border-bottom: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.67px;border-bottom: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:90.74px;border-right: solid black 1pt;border-bottom: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p>\n        \n      <\/p>\n<table style=\"border-collapse: collapse;margin-left:0;border-collapse:collapse\">\n<tr>\n<td style=\"width:242.4px;border-top: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:102.07px;border-top: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:102.07px;border-top: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:102.07px;border-top: solid black 1pt;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:242.4px;border-left: solid black 1pt;vertical-align: top\">\n            <strong>STMicroelectronics N.V.<\/strong>\n          <\/td>\n<td style=\"width:102.07px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:102.07px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:102.07px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:242.4px;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:102.07px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:102.07px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:102.07px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:242.4px;border-top: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>SELECTED CASH FLOW DATA<\/strong>\n          <\/td>\n<td style=\"width:102.07px;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:102.07px;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:102.07px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:242.4px;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:102.07px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:102.07px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:102.07px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:242.4px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Cash Flow Data (in US$ millions)<\/strong>\n          <\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Q1 2023<\/strong>\n          <\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Q4 2022<\/strong>\n          <\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Q1 2022<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:242.4px;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:102.07px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:102.07px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:102.07px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:242.4px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Net Cash from operating activities<\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\"> 1,320 <\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\"> 1,550 <\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\"> 945 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:242.4px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Net Cash used in investing activities<\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\"> (786)<\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\"> (924)<\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\"> (1,140)<\/td>\n<\/tr>\n<tr>\n<td style=\"width:242.4px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Net Cash used in financing activities<\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\"> (221)<\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\"> (185)<\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\"> (200)<\/td>\n<\/tr>\n<tr>\n<td style=\"width:242.4px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Net Cash increase (decrease)<\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\"> 314 <\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\"> 446 <\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\"> (397)<\/td>\n<\/tr>\n<tr>\n<td style=\"width:242.4px;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:102.07px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:102.07px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:102.07px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:242.4px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Selected Cash Flow Data (in US$ millions)<\/strong>\n          <\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Q1 2023<\/strong>\n          <\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Q4 2022<\/strong>\n          <\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Q1 2022<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:242.4px;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:102.07px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:102.07px;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:102.07px;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:242.4px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Depreciation &amp; amortization<\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\"> 368 <\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">331<\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">283<\/td>\n<\/tr>\n<tr>\n<td style=\"width:242.4px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Net payment for Capital expenditures<\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\"> (1,090)<\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\"> (920)<\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\"> (840)<\/td>\n<\/tr>\n<tr>\n<td style=\"width:242.4px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Dividends paid to stockholders<\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\"> (54)<\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\"> (54)<\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\"> (49)<\/td>\n<\/tr>\n<tr>\n<td style=\"width:242.4px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Change in inventories, net<\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\"> (262)<\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\"> (125)<\/td>\n<td style=\"width:102.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\"> (194)<\/td>\n<\/tr>\n<tr>\n<td style=\"width:242.4px;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:102.07px;border-bottom: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:102.07px;border-bottom: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:102.07px;border-right: solid black 1pt;border-bottom: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"center\">\n        <strong>Appendix<\/strong><br \/>\n        <br \/>\n        <strong>STMicroelectronics<\/strong><br \/>\n        <br \/>\n        <strong>Supplemental Financial Information<\/strong>\n      <\/p>\n<p align=\"justify\">\n        <sup>(a)\u00a0\u00a0<\/sup><br \/>\n        <em>Net revenues of Others include revenues from sales assembly services and other revenues. <\/em><br \/>\n        <em>Operating income (loss) of Others includes items such as unused capacity charges, including reduced manufacturing activity due to COVID-19 and incidents leading to power outage, impairment, restructuring charges and other related closure costs, management reorganization costs, start-up <\/em><br \/>\n        <em>and <\/em><br \/>\n        <em>phase<\/em><br \/>\n        <em>&#8211;<\/em><br \/>\n        <em>out <\/em><br \/>\n        <em>costs of certain manufacturing facilities, and other unallocated income (expenses) such as: strategic or special research and development programs, certain corporate-level operating expenses, patent claims and litigations, and other costs that are not allocated to product groups, as well as operating earnings of other products. Others includes:<\/em><\/p>\n<table style=\"border-collapse: collapse;width:503.6pt;border-collapse:collapse\">\n<tr>\n<td style=\"width:311.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Q1 2023<\/strong>\n          <\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Q4 2022<\/strong>\n          <\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Q<\/strong><br \/>\n            <strong>3<\/strong><br \/>\n            <strong> 202<\/strong><br \/>\n            <strong>2<\/strong>\n          <\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Q<\/strong><br \/>\n            <strong>2<\/strong><br \/>\n            <strong> 202<\/strong><br \/>\n            <strong>2<\/strong>\n          <\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Q1 202<\/strong><br \/>\n            <strong>2<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:311.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;text-align: justify;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Net Revenues <\/strong><br \/>\n            <strong>By<\/strong><br \/>\n            <strong> Market Channel<\/strong><br \/>\n            <strong>(%)<\/strong>\n          <\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:311.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;text-align: justify;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Total OEM<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">64%<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">68%<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">67%<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">65%<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">66%<\/td>\n<\/tr>\n<tr>\n<td style=\"width:311.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;text-align: justify;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Distribution<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">36%<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">32%<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">33%<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">35%<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">34%<\/td>\n<\/tr>\n<tr>\n<td style=\"width:311.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:311.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;text-align: justify;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>\u20ac\/$ Effective Rate<\/strong>\n          <\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1.06<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1.04<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1.08<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1.12<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1.15<\/td>\n<\/tr>\n<tr>\n<td style=\"width:311.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:311.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;text-align: justify;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Product Group Data <\/strong>(US$ m)<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:311.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;text-align: justify;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Automotive &amp; Discrete Group (ADG)<\/strong>\n          <\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:311.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;text-align: justify;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\"> &#8211; Net Revenues<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,807<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,696<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,563<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,454<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,256<\/td>\n<\/tr>\n<tr>\n<td style=\"width:311.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;text-align: justify;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\"> &#8211; Operating Income <\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">577<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">470<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">404<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">359<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">235<\/td>\n<\/tr>\n<tr>\n<td style=\"width:311.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;text-align: justify;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Analog, MEMS &amp; Sensors Group (AMS) <\/strong>\n          <\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:311.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;text-align: justify;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\"> &#8211; Net Revenues<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,068<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,339<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,380<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,115<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,077<\/td>\n<\/tr>\n<tr>\n<td style=\"width:311.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;text-align: justify;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\"> &#8211; Operating Income <\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">218<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">346<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">376<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">269<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">246<\/td>\n<\/tr>\n<tr>\n<td style=\"width:311.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;text-align: justify;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Microcontrollers &amp; Digital ICs Group (MDG)<\/strong>\n          <\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:311.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;text-align: justify;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\"> &#8211; Net Revenues<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,368<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,383<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,374<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,263<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,208<\/td>\n<\/tr>\n<tr>\n<td style=\"width:311.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;text-align: justify;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\"> &#8211; Operating Income <\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">495<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">495<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">504<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">425<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">407<\/td>\n<\/tr>\n<tr>\n<td style=\"width:311.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;text-align: justify;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Others <\/strong><br \/>\n            <sup><br \/>\n              <em>(<\/em><br \/>\n            <\/sup><br \/>\n            <sup><br \/>\n              <em>a<\/em><br \/>\n            <\/sup><br \/>\n            <sup><br \/>\n              <em>)<\/em><br \/>\n            <\/sup>\n          <\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:311.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;text-align: justify;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">&#8211; Net Revenues<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">4<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">6<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">4<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">5<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">5<\/td>\n<\/tr>\n<tr>\n<td style=\"width:311.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;text-align: justify;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">&#8211; Operating Income (Loss)<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(89)<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(24)<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(12)<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(49)<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(11)<\/td>\n<\/tr>\n<tr>\n<td style=\"width:311.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;text-align: justify;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Total<\/strong>\n          <\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:311.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;text-align: justify;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong> &#8211; Net Revenues<\/strong>\n          <\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>4,247<\/strong>\n          <\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>4,424<\/strong>\n          <\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>4,321<\/strong>\n          <\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>3,837<\/strong>\n          <\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>3,546<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:311.47px;vertical-align: middle;text-align: left;padding-left: 10.0px;text-align: justify;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong> &#8211; Operating Income<\/strong>\n          <\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>1,201<\/strong>\n          <\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>1,287<\/strong>\n          <\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>1,272<\/strong>\n          <\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>1,004<\/strong>\n          <\/td>\n<td style=\"width:72px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>877<\/strong>\n          <\/td>\n<\/tr>\n<\/table>\n<p>\n        \n      <\/p>\n<table style=\"border-collapse: collapse;width:501.1pt;border-collapse:collapse\">\n<tr>\n<td style=\"width:293.8px;text-align: justify;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <em>(US$ <\/em><br \/>\n            <em>m<\/em><br \/>\n            <em>)<\/em>\n          <\/td>\n<td style=\"width:74.87px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong><br \/>\n              <em>Q1 2023<\/em><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:74.87px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong><br \/>\n              <em>Q4 2022<\/em><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:74.87px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong><br \/>\n              <em>Q3 20<\/em><br \/>\n            <\/strong><br \/>\n            <strong><br \/>\n              <em>22<\/em><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:74.87px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong><br \/>\n              <em>Q2 2022<\/em><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:74.87px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong><br \/>\n              <em>Q1 20<\/em><br \/>\n            <\/strong><br \/>\n            <strong><br \/>\n              <em>22<\/em><br \/>\n            <\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:293.8px;text-align: justify;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong><br \/>\n              <em>Unused Capacity Charges<\/em><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:74.87px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong><br \/>\n              <em>1<\/em><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:74.87px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong><br \/>\n              <em>&#8211;<\/em><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:74.87px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong><br \/>\n              <em>&#8211;<\/em><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:74.87px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong><br \/>\n              <em>13<\/em><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:74.87px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong><br \/>\n              <em>9<\/em><br \/>\n            <\/strong>\n          <\/td>\n<\/tr>\n<\/table>\n<p align=\"center\">\n        <strong>(Appendix \u2013 continued)<\/strong><br \/>\n        <br \/>\n        <strong>STMicroelectronics<\/strong><br \/>\n        <br \/>\n        <strong>Supplemental<\/strong><br \/>\n        <strong> Non-U.S. GAAP Financial Information<\/strong><br \/>\n        <br \/>\n        <strong>U. S. GAAP \u2013 Non-U.S. GAAP <\/strong><br \/>\n        <strong>Reconciliation<\/strong>\n      <\/p>\n<p align=\"justify\">The supplemental non-U.S. GAAP information presented in this press release is unaudited and subject to inherent limitations. Such non-U.S. GAAP information is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for U.S. GAAP measurements. Also, our supplemental non-U.S. GAAP financial information may not be comparable to similarly titled non-U.S. GAAP measures used by other companies. Further, specific limitations for individual non-U.S. GAAP measures, and the reasons for presenting non-U.S. GAAP financial information, are set forth in the paragraphs below. To compensate for these limitations, the supplemental non-U.S. GAAP financial information should not be read in isolation, but only in conjunction with our consolidated financial statements prepared in accordance with U.S. GAAP.<\/p>\n<p align=\"justify\">The Company believes that these non-U.S. GAAP financial measures provide useful information for investors and management because they offer, when read in conjunction with the Company\u2019s U.S. GAAP financials, (i)\u00a0the ability to make more meaningful period-to-period comparisons of the Company\u2019s on-going operating results, (ii)\u00a0the ability to better identify trends in the Company\u2019s business and perform related trend analysis, and (iii)\u00a0 to facilitate a comparison of the Company\u2019s results of operations against investor and analyst financial models and valuations, which may exclude these items.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Net Financial Position <\/u><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <u>(<\/u><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <u>non-U<\/u><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <u>.<\/u><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <u>S<\/u><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <u>. <\/u><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <u>GAAP measure<\/u><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <u>)<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">Net Financial Position, a non-U.S. GAAP measure, represents the difference between our total liquidity and our total financial debt. Our total liquidity includes cash and cash equivalents, restricted cash, if any, short-term deposits, and marketable securities, and our total financial debt includes short-term debt and long-term debt, as reported in our Consolidated Balance Sheets.<\/p>\n<p align=\"justify\">The Company believes our Net Financial Position provides useful information for investors and management because it gives evidence of our global position either in terms of net indebtedness or net cash by measuring our capital resources based on cash and cash equivalents, restricted cash, if any, short-term deposits and marketable securities and the total level of our financial debt. Our definition of Net Financial Position may differ from definitions used by other companies, and therefore, comparability may be limited.<\/p>\n<table style=\"border-collapse: collapse;width:518.4pt;border-collapse:collapse\">\n<tr>\n<td style=\"width:345.54px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(US$ m)<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Apr 1<\/strong><br \/>\n            <strong> 202<\/strong><br \/>\n            <strong>3<\/strong>\n          <\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Dec 31 2022<\/strong>\n          <\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Oct <\/strong><br \/>\n            <strong>1<\/strong><br \/>\n            <strong> 202<\/strong><br \/>\n            <strong>2<\/strong>\n          <\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Jul 2<\/strong><br \/>\n            <strong> 20<\/strong><br \/>\n            <strong>22<\/strong>\n          <\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Apr 2<\/strong><br \/>\n            <strong> 20<\/strong><br \/>\n            <strong>22<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:345.54px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Cash and cash equivalents<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">3,572<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">3,258<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">2,812<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">3,028<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">2,828<\/td>\n<\/tr>\n<tr>\n<td style=\"width:345.54px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Short term deposits<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">106<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">581<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">780<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">186<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">427<\/td>\n<\/tr>\n<tr>\n<td style=\"width:345.54px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Marketable securities<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">841<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">679<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">496<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">229<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">139<\/td>\n<\/tr>\n<tr>\n<td style=\"width:345.54px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Total liquidity<\/strong>\n          <\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>4,519<\/strong>\n          <\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>4,518<\/strong>\n          <\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>4,088<\/strong>\n          <\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>3,443<\/strong>\n          <\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>3,394<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:345.54px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Short-term debt <\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(176)<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(175)<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(155)<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(134)<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(140)<\/td>\n<\/tr>\n<tr>\n<td style=\"width:345.54px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Long-term debt <sup><em>(a)<\/em><\/sup><\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(2,488)<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(2,542)<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(2,476)<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(2,385)<\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(2,414)<\/td>\n<\/tr>\n<tr>\n<td style=\"width:345.54px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Total financial debt<\/strong>\n          <\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>(2,664)<\/strong>\n          <\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>(2,717)<\/strong>\n          <\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>(2,631)<\/strong>\n          <\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>(2,519)<\/strong>\n          <\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>(2,554)<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:345.54px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Net Financial Position<\/strong>\n          <\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>1,855<\/strong>\n          <\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>1,801<\/strong>\n          <\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>1,457<\/strong>\n          <\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>924<\/strong>\n          <\/td>\n<td style=\"width:69.14px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>840<\/strong>\n          <\/td>\n<\/tr>\n<\/table>\n<p>\n        <sup>(a)\u00a0\u00a0<\/sup><br \/>\n        <em>Long-<\/em><br \/>\n        <em>term debt contains standard conditions but does not impose minimum financial ratios. <\/em><br \/>\n        <em>C<\/em><br \/>\n        <em>ommitted credit facilities <\/em><br \/>\n        <em>for <\/em><br \/>\n        <em>$<\/em><br \/>\n        <em>1.3 <\/em><br \/>\n        <em>billion<\/em><br \/>\n        <em> equivalent, are currently undrawn.<\/em><\/p>\n<p align=\"center\">\n        <strong>(Appendix \u2013 continued)<\/strong><br \/>\n        <br \/>\n        <strong>STMicroelectronics<\/strong>\n      <\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Free Cash Flow <\/u><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <u>(<\/u><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <u>non-U<\/u><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <u>.<\/u><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <u>S<\/u><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <u>. <\/u><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <u>GAAP measure<\/u><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <u>)<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">Free Cash Flow, which is a non-U.S. GAAP measure, is defined as (i) net cash from operating activities plus (ii) net cash used in investing activities, excluding payment for purchases of (and proceeds from matured) marketable securities and net investment in (and proceeds from) short-term deposits, which are considered as temporary financial investments. This definition ultimately results in net cash from operating activities plus payment for purchase (and proceeds from sale) of tangible, intangible and financial assets and net cash paid for business acquisitions.<\/p>\n<p align=\"justify\">The Company believes Free Cash Flow provides useful information for investors and management because it measures our capacity to generate cash from our operating and investing activities to sustain our operations. Free Cash Flow does not represent total cash flow since it does not include the cash flows generated by, or used in, financing activities.<\/p>\n<p align=\"justify\">Free Cash Flow reconciles with the total cash flow and the net cash increase (decrease) by including the payment for purchases of (and proceeds from matured) marketable securities and net investment in (and proceeds from) short-term deposits, the net cash from (used in) financing activities and the effect of changes in exchange rates. Our definition of Free Cash Flow may differ from definitions used by other companies.<\/p>\n<table style=\"border-collapse: collapse;width:470pt;border-collapse:collapse\">\n<tr>\n<td style=\"width:290.67px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(US$ m)<\/td>\n<td style=\"width:67.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Q1 2023<\/strong>\n          <\/td>\n<td style=\"width:67.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Q4 2022<\/strong>\n          <\/td>\n<td style=\"width:67.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Q3<\/strong><br \/>\n            <strong>20<\/strong><br \/>\n            <strong>22<\/strong>\n          <\/td>\n<td style=\"width:67.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Q2 2022<\/strong>\n          <\/td>\n<td style=\"width:67.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Q1<\/strong><br \/>\n            <strong>20<\/strong><br \/>\n            <strong>22<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:290.67px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Net cash from operating activities<\/td>\n<td style=\"width:67.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,320<\/td>\n<td style=\"width:67.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,550<\/td>\n<td style=\"width:67.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,651<\/td>\n<td style=\"width:67.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">1,056<\/td>\n<td style=\"width:67.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">945<\/td>\n<\/tr>\n<tr>\n<td style=\"width:290.67px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Payment for purchase, net of proceeds from sale, of tangible assets<\/td>\n<td style=\"width:67.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(1,090)<\/td>\n<td style=\"width:67.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(920)<\/td>\n<td style=\"width:67.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(955)<\/td>\n<td style=\"width:67.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(809)<\/td>\n<td style=\"width:67.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(840)<\/td>\n<\/tr>\n<tr>\n<td style=\"width:290.67px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Payment for purchase, net of proceeds from sale, of intangible assets<\/td>\n<td style=\"width:67.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(24)<\/td>\n<td style=\"width:67.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(27)<\/td>\n<td style=\"width:67.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(20)<\/td>\n<td style=\"width:67.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(17)<\/td>\n<td style=\"width:67.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(23)<\/td>\n<\/tr>\n<tr>\n<td style=\"width:290.67px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Free Cash Flow<\/strong><br \/>\n            <sup><br \/>\n              <em>(a)<\/em><br \/>\n            <\/sup>\n          <\/td>\n<td style=\"width:67.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>206<\/strong>\n          <\/td>\n<td style=\"width:67.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>603<\/strong>\n          <\/td>\n<td style=\"width:67.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>676<\/strong>\n          <\/td>\n<td style=\"width:67.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>230<\/strong>\n          <\/td>\n<td style=\"width:67.2px;vertical-align: middle;text-align: left;padding-left: 10.0px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>82<\/strong>\n          <\/td>\n<\/tr>\n<\/table>\n<p>\n        <sup><br \/>\n          <em>(a)<\/em><br \/>\n        <\/sup><br \/>\n        <em>Free Cash Flow can also be expressed as Net cash from operating and investing activities, excluding cash from (used in) marketable securities and short-term deposits<\/em><br \/>\n        <em>.<\/em>\n      <\/p>\n<hr \/>\n<p align=\"justify\">\n        <sup>1<\/sup><br \/>\n        <em>Non-U.S. GAAP. See Appendix for reconciliation to U.S. GAAP and information explaining why the Company believes these measures are important.<\/em>\n      <\/p>\n<p \/>\n<p id=\"gnw_attachments_section-header\">\n        <strong>Attachment<\/strong>\n      <\/p>\n<ul id=\"gnw_attachments_section-items\">\n<li>\n          <a target=\"_blank\" href=\"https:\/\/ml-eu.globenewswire.com\/Resource\/Download\/8a0ffeed-3705-44e5-ba78-fa1d3eeb4988\" rel=\"noopener\">STMicroelectronics 1Q 2023 results April 27 2023<\/a>\n        <\/li>\n<\/ul>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMDgwNjQ5OSM0MDE1MzMxNDIjMjAwMDcwNQ==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml-eu.globenewswire.com\/media\/MDVhNDk2NjMtNDMzNi00NWU4LWJjYzAtM2ZhMmQ0ZTQ5NTczLTEwMTIyNzg=\/tiny\/STMicroelectronics-N-V-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>PR No: C3177C STMicroelectronics Reports 2023 First Quarter Financial Results Q 1 net revenues $ 4.25 billion; gross margin 49.7 %; operating margin 28.3 % ; net income $ 1.04 b illion Q1 free cash flow 1 $ 206 m illion after net capital expenditure payments of $ 1.09 b illion Business outlook at mid-point: Q 2 net revenues of $ 4. 28 billion and gross margin of 49.0 % Geneva, April 2 7 , 202 3 &#8211; STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported U.S. GAAP financial results for the first quarter ended April 1, 2023. This press release also contains non-U.S. GAAP measures (see Appendix for additional information). ST &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/stmicroelectronics-reports-2023-first-quarter-financial-results\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;STMicroelectronics Reports 2023 First Quarter Financial Results&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-751837","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>STMicroelectronics Reports 2023 First Quarter Financial Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/stmicroelectronics-reports-2023-first-quarter-financial-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"STMicroelectronics Reports 2023 First Quarter Financial Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR No: C3177C STMicroelectronics Reports 2023 First Quarter Financial Results Q 1 net revenues $ 4.25 billion; gross margin 49.7 %; operating margin 28.3 % ; net income $ 1.04 b illion Q1 free cash flow 1 $ 206 m illion after net capital expenditure payments of $ 1.09 b illion Business outlook at mid-point: Q 2 net revenues of $ 4. 28 billion and gross margin of 49.0 % Geneva, April 2 7 , 202 3 &#8211; STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported U.S. GAAP financial results for the first quarter ended April 1, 2023. 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This press release also contains non-U.S. GAAP measures (see Appendix for additional information). 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