Thursday, October 29, 2015

ST Reports Growth of its ToF Sensor Business

SeekingAlpha publishes the transcript of STMicro Q3 2015 earnings call. The CEO Carlo Bozotti says: "Digital Product Group revenues totaled $230 million, an increase of $23 million on a sequential basis, driven by Imaging. In our specialized imaging business, we continued to expand our Time-of-Flight photonic sensors business in Asia, with now more than 20 phone models available from several leading Asian smartphone manufacturers. ...unfortunately I cannot give you too many details because it is a very important line for us. And I would – what I can say is that, there is a good momentum. It's a new area and I think it's a good opportunity for the future."

"Imaging, as you know, we have already decided that we are out now. This is another, let's say, actions that we took here is to exit from the commodity camera module and in Q4, basically, the sales zero. Here, it's very special products for imaging with a lot of potential. So, this is an important area for us."

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