STMicroelectronics: in 2005 the company's growth rate will exceed the average

According to overseas news, Europe's largest semiconductor manufacturer STMicroelectronics chairman and chief executive officer of Pasquale Pistorio 13, STMicroelectronics has the confidence rate over the entire semiconductor market growth growth in 2005.

Pistorio reiterated that the company forecast 2005 global semiconductor market growth rate of 4%, analysts predict that the growth rate of the lower limit of 4% to 8% in 2005. STMicroelectronics, 10, said that due to the weak dollar, price pressures and capacity utilization is lower than expected, it has been expected in the fourth quarter gross profit margin from the original forecast of 38% to 39% down to $36.6%. This is the second time in the past three months, the company intends to cut gross profit margin expectations. STMicroelectronics will report fourth quarter earnings after the close of the New York stock market in January 26th.