STMicroelectronics N.V.
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Publicatie datum
10 dec 2012 - 07:30
Statutaire naam
STMicroelectronics N.V.
Titel
STMicroelectronics Announces New Strategic Plan
Bericht
New vision and strategy; focus on five growth drivers
? Decision to exit ST-Ericsson after a transition period
? New financial model targeting 10 percent or more operating margin
Geneva, December 10, 2012 – STMicroelectronics (NYSE:STM), a global semiconductor
leader serving customers across the spectrum of electronic applications, announced today
its new strategic plan. The plan is the outcome of a strategic review started more than a year
ago, as the company saw major changes in the dynamics of the wireless market.
“Today we are announcing the new ST, aligned with the new market environment,” said
Carlo Bozotti, President and CEO of ST. “Based on that, we have made the decision to exit
ST-Ericsson after a transition period. We will continue to support ST-Ericsson as their
supply-chain partner, advanced process-technology partner and application-processor IP
provider.”
“Our new strategy is centered on leadership in sense and power and automotive products,
and in embedded-processing solutions,” continued Bozotti. “Our specific focus is on five
product areas: MEMS and sensors, smart power, automotive products, microcontrollers, and
application processors including digital consumer. These families are expected to
experience solid growth rates driven by secular trends and fit extremely well with our marketleading
positions and competitive advantages. Our innovative products in these areas
combined with our world-class technology and manufacturing, bring us even more
opportunities to significantly grow and gain market share.
“The new ST will be more focused, leaner and better positioned to deliver value to our
customers and our shareholders, targeting to rapidly achieve operating margins of 10
percent.”
New strategy
The company’s new strategy is based on two product-segment organizations: Sense &
Power and Automotive Products; and Embedded Processing Solutions.
ST will build on its leading position in Sense & Power, which includes MEMS and sensors,
power discrete and ad
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