Franco-Italian chipmaker STMicroelectronics reported a Q3 net revenues of US$4.32 billion, a sequential increase of 12.6%, and a year-on-year increase of 35.2%. ST also reported its Q3 gross margin at 47.6%, up 41.6% YoY, operating margin at 29.4%, up 18.9% YoY, and net income at US$1.10 billion, doubling from Q4 2021’s US$474 million.