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STMicroelectronics: Apple Is This Semiconductor Maker's Largest Customer

Michael Fitzsimmons profile picture
Michael Fitzsimmons


  • 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.

Car chip tuning
Photo by Nikola Ilic/E+ via Getty Images

In my first Seeking Alpha article on semiconductor maker ST Microelectronics (NYSE:STM), the stock had been moving higher and I touted its supply-chain link to major and fast-growing customers

Data by YCharts

Data by YCharts

This article was written by

Michael Fitzsimmons profile picture
Technology stocks, ETFs, portfolio strategy, renewable energy, and O&G companies. Primary goal is growing net-worth. I typically allocate a portion of my own portfolio and devote some of my SA articles to small and medium sized companies offering compelling risk/reward propositions. I am an Electronics Engineer, not a qualified investment advisor. While the information and data presented in my articles are obtained from company documents and/or sources believed to be reliable, they have not been independently verified. Therefore, I cannot guarantee its accuracy. I advise investors conduct their own research and due-diligence and to consult a qualified investment advisor. I explicitly disclaim any liability that may arise from investment decisions you make based on my articles. Thanks for reading and I wish you much investment success!

Analyst’s Disclosure: I am/we are long AVGO, SMH. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am an electronics engineer, not a CFA. The information and data presented in this article were obtained from company documents and/or sources believed to be reliable, but have not been independently verified. Therefore, the author cannot guarantee their accuracy. Please do your own research and contact a qualified investment advisor. I am not responsible for the investment decisions you make.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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