Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries STMicroelectronics announces new organization By: STMicroelectronics N.V. via GlobeNewswire January 10, 2024 at 01:00 AM EST PR N°C3225C STMicroelectronics announces new organization New organization to deliver enhanced product development innovation and efficiency, time-to-market as well as customer focus by end marketCompany re-organized in two Product Groups, split in four Reportable SegmentsNew application marketing focus by end market across all Regions to complement existing sales and marketing organization Geneva, Switzerland, January 10, 2024 – STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, is announcing today its new organization, effective February 5th, 2024. “We are re-organizing our Product Groups to further accelerate our time-to-market and speed of product development innovation and efficiency. This will enable us to increase value extraction from our broad and unique product and technology portfolio. In addition, we are getting even closer to our customers with an application marketing organization by end market which will boost our ability to complement our product offering with complete system solutions” said Jean-Marc Chery, President and CEO of STMicroelectronics. “This is an important step in the development of our established strategy, in line with our value proposition to all stakeholders and with the business and financial ambitions we set back in 2022”. Moving from three to two Product Groups to further enhance product development innovation and efficiency, and time-to-market The two new Product Groups will be: Analog, Power & Discrete, MEMS and Sensors (APMS), led by Marco Cassis, ST President and member of the Executive Committee; andMicrocontrollers, Digital ICs and RF products (MDRF), led by Remi El-Ouazzane, ST President and member of the Executive Committee. The APMS Product Group will include all ST analog products, including Smart Power solutions for automotive; all ST Power & Discrete product lines including Silicon Carbide products; MEMS and Sensors. APMS will include two Reportable Segments: Analog products, MEMS and Sensors (AM&S); Power and discrete products (P&D). The MDRF Product Group will include all ST digital ICs and microcontrollers, including automotive microcontrollers; RF, ADAS, Infotainment ICs. MDRF will include two Reportable Segments: Microcontrollers (MCU); Digital ICs and RF Products (D&RF). Concurrent with this new organization Marco Monti, ST President of the former Automotive and Discrete Product Group, will leave the Company. To complement the existing Sales & Marketing organization, a new application marketing organization by end market will be implemented across all ST Regions. This will provide ST customers with end-to-end system solutions based on the Company’s product and technology portfolio. The company is implementing an application marketing organization by end market across all ST Regions, as part of its Sales & Marketing organization led by Jerome Roux, ST President and member of the Executive Committee. The application marketing organization will cover the following four end markets: AutomotiveIndustrial Power and EnergyIndustrial Automation, IoT and AIPersonal Electronics, Communication Equipment and Computer Peripherals. The current regional Sales & Marketing organization remains unchanged. About STMicroelectronicsAt ST, we are over 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of cloud-connected autonomous things. We are committed to achieving our goal to become carbon neutral on scope 1 and 2 and partially scope 3 by 2027.Further information can be found at www.st.com. For further information, please contact: INVESTOR RELATIONS:Céline BerthierGroup VP, Investor RelationsTel: +41 22 929 58 12celine.berthier@st.com MEDIA RELATIONS:Alexis BretonCorporate External CommunicationsTel: + 33 6 59 16 79 08alexis.breton@st.com Attachment C3225C - Jan 10 2024 - ST New Organization Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
STMicroelectronics announces new organization By: STMicroelectronics N.V. via GlobeNewswire January 10, 2024 at 01:00 AM EST PR N°C3225C STMicroelectronics announces new organization New organization to deliver enhanced product development innovation and efficiency, time-to-market as well as customer focus by end marketCompany re-organized in two Product Groups, split in four Reportable SegmentsNew application marketing focus by end market across all Regions to complement existing sales and marketing organization Geneva, Switzerland, January 10, 2024 – STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, is announcing today its new organization, effective February 5th, 2024. “We are re-organizing our Product Groups to further accelerate our time-to-market and speed of product development innovation and efficiency. This will enable us to increase value extraction from our broad and unique product and technology portfolio. In addition, we are getting even closer to our customers with an application marketing organization by end market which will boost our ability to complement our product offering with complete system solutions” said Jean-Marc Chery, President and CEO of STMicroelectronics. “This is an important step in the development of our established strategy, in line with our value proposition to all stakeholders and with the business and financial ambitions we set back in 2022”. Moving from three to two Product Groups to further enhance product development innovation and efficiency, and time-to-market The two new Product Groups will be: Analog, Power & Discrete, MEMS and Sensors (APMS), led by Marco Cassis, ST President and member of the Executive Committee; andMicrocontrollers, Digital ICs and RF products (MDRF), led by Remi El-Ouazzane, ST President and member of the Executive Committee. The APMS Product Group will include all ST analog products, including Smart Power solutions for automotive; all ST Power & Discrete product lines including Silicon Carbide products; MEMS and Sensors. APMS will include two Reportable Segments: Analog products, MEMS and Sensors (AM&S); Power and discrete products (P&D). The MDRF Product Group will include all ST digital ICs and microcontrollers, including automotive microcontrollers; RF, ADAS, Infotainment ICs. MDRF will include two Reportable Segments: Microcontrollers (MCU); Digital ICs and RF Products (D&RF). Concurrent with this new organization Marco Monti, ST President of the former Automotive and Discrete Product Group, will leave the Company. To complement the existing Sales & Marketing organization, a new application marketing organization by end market will be implemented across all ST Regions. This will provide ST customers with end-to-end system solutions based on the Company’s product and technology portfolio. The company is implementing an application marketing organization by end market across all ST Regions, as part of its Sales & Marketing organization led by Jerome Roux, ST President and member of the Executive Committee. The application marketing organization will cover the following four end markets: AutomotiveIndustrial Power and EnergyIndustrial Automation, IoT and AIPersonal Electronics, Communication Equipment and Computer Peripherals. The current regional Sales & Marketing organization remains unchanged. About STMicroelectronicsAt ST, we are over 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of cloud-connected autonomous things. We are committed to achieving our goal to become carbon neutral on scope 1 and 2 and partially scope 3 by 2027.Further information can be found at www.st.com. For further information, please contact: INVESTOR RELATIONS:Céline BerthierGroup VP, Investor RelationsTel: +41 22 929 58 12celine.berthier@st.com MEDIA RELATIONS:Alexis BretonCorporate External CommunicationsTel: + 33 6 59 16 79 08alexis.breton@st.com Attachment C3225C - Jan 10 2024 - ST New Organization
PR N°C3225C STMicroelectronics announces new organization New organization to deliver enhanced product development innovation and efficiency, time-to-market as well as customer focus by end marketCompany re-organized in two Product Groups, split in four Reportable SegmentsNew application marketing focus by end market across all Regions to complement existing sales and marketing organization Geneva, Switzerland, January 10, 2024 – STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, is announcing today its new organization, effective February 5th, 2024. “We are re-organizing our Product Groups to further accelerate our time-to-market and speed of product development innovation and efficiency. This will enable us to increase value extraction from our broad and unique product and technology portfolio. In addition, we are getting even closer to our customers with an application marketing organization by end market which will boost our ability to complement our product offering with complete system solutions” said Jean-Marc Chery, President and CEO of STMicroelectronics. “This is an important step in the development of our established strategy, in line with our value proposition to all stakeholders and with the business and financial ambitions we set back in 2022”. Moving from three to two Product Groups to further enhance product development innovation and efficiency, and time-to-market The two new Product Groups will be: Analog, Power & Discrete, MEMS and Sensors (APMS), led by Marco Cassis, ST President and member of the Executive Committee; andMicrocontrollers, Digital ICs and RF products (MDRF), led by Remi El-Ouazzane, ST President and member of the Executive Committee. The APMS Product Group will include all ST analog products, including Smart Power solutions for automotive; all ST Power & Discrete product lines including Silicon Carbide products; MEMS and Sensors. APMS will include two Reportable Segments: Analog products, MEMS and Sensors (AM&S); Power and discrete products (P&D). The MDRF Product Group will include all ST digital ICs and microcontrollers, including automotive microcontrollers; RF, ADAS, Infotainment ICs. MDRF will include two Reportable Segments: Microcontrollers (MCU); Digital ICs and RF Products (D&RF). Concurrent with this new organization Marco Monti, ST President of the former Automotive and Discrete Product Group, will leave the Company. To complement the existing Sales & Marketing organization, a new application marketing organization by end market will be implemented across all ST Regions. This will provide ST customers with end-to-end system solutions based on the Company’s product and technology portfolio. The company is implementing an application marketing organization by end market across all ST Regions, as part of its Sales & Marketing organization led by Jerome Roux, ST President and member of the Executive Committee. The application marketing organization will cover the following four end markets: AutomotiveIndustrial Power and EnergyIndustrial Automation, IoT and AIPersonal Electronics, Communication Equipment and Computer Peripherals. The current regional Sales & Marketing organization remains unchanged. About STMicroelectronicsAt ST, we are over 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of cloud-connected autonomous things. We are committed to achieving our goal to become carbon neutral on scope 1 and 2 and partially scope 3 by 2027.Further information can be found at www.st.com. For further information, please contact: INVESTOR RELATIONS:Céline BerthierGroup VP, Investor RelationsTel: +41 22 929 58 12celine.berthier@st.com MEDIA RELATIONS:Alexis BretonCorporate External CommunicationsTel: + 33 6 59 16 79 08alexis.breton@st.com Attachment C3225C - Jan 10 2024 - ST New Organization
