STMicro sees new products, better market lifting sales

By Edwin Chan and Leila Abboud SAN FRANCISCO/PARIS (Reuters) - European chipmaker STMicroelectronics said signs of market recovery and new products, such as motion sensor chips for video games consoles, should drive a pick up in sales in the second half of this year. The bullish outlook lifted its shares over 6 percent in Tuesday morning trading, despite the group posting a sixth straight quarterly loss due to its mobile chip joint venture with Sweden's Ericsson, which is being closed. "We see a good trend in bookings this year so far," said Chief Executive Carlo Bozotti on a conference call. ...



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