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home / news releases / AVGOP - STMicroelectronics: Apple Is This Semiconductor Maker's Largest Customer

AVGOP - STMicroelectronics: Apple Is This Semiconductor Maker's Largest Customer

Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock Series A
  • Last year, Apple accounted for ~24% of STM's total revenue.
  • However, that may not be such a great thing considering STM's margins are unusually low for a semiconductor company.
  • That said, STM has a very strong automotive business and is guiding for FY21 revenue growth of ~18.4%.
  • Meantime, the company plans to spend $2 billion this year on capacity expansions to meet strong growth.

For further details see:

STMicroelectronics: Apple Is This Semiconductor Maker's Largest Customer
Stock Information
Company Name: Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock Series A
Stock Symbol: AVGOP
Market: OTC
Website: broadcom.com
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