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STMicroelectronics NV (STM) Q2 2021 Earnings Call Transcript

Operator
Ladies and gentlemen, welcome to the STMicroelectronics Q2 2021 Earnings Results Conference Call and Live Webcast. I m Andre, the Chorus Call operator.[Operator Instructions]
The conference must not be recorded for publication or broadcast. At this time, it s my pleasure to hand over to Celine Berthier, Group Vice President, Head of Investor Relations. Please go ahead, madam.
Celine Berthier
Group Vice President, Head of Investor Relations
Thank you, Andre. Good morning. Thank you, everyone, for joining our second quarter 2021 financial results conference call. Hosting the call today is Jean-Marc Chery, ST s President and Chief Executive Officer. Joining Jean-Marc on the call today are Lorenzo Grandi, President of Finance, Infrastructure and Services and Chief Financial Officer; Marco Cassis, President of Sales, Marketing, Communications and Strategy Development. ....

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The Worldwide Audio Codec Industry is Expected to Grow at a CAGR of 5.5% Between 2020 to 2025

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ResearchAndMarkets.com s offering.
The audio codec market was valued at USD 6.8 billion in 2020 and is projected to reach USD 7.8 billion by 2025; it is expected to register a CAGR of 5.5% from 2020 to 2025.
Some of the Factors such as penetration of internet users which are generating traffic, demand for telecommunication devices and products as there are restrictions globally amidst the pandemic and consumer trends inclined for IoT enabled smartphones and related devices.
Audio codec market for headset, hearables and wearable devices application to grow at highest CAGR during forecast period
The audio codec market for headset, hearables and wearable devices application is expected to grow at the highest CAGR during the forecast period considering the surge in the demand for wireless electronic products such as earplugs, smart watches, bluetooth speakers and others. Many automotive companies are diversifying their bu ....

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