World Semiconductor Leader Sees Bright Future for the Indian Electronics Industry
New Delhi (India) / 08 Dec 2006
– STMicroelectronics (NYSE: STM), one of the world’s leading suppliers of semiconductor solutions across the spectrum of electronics applications, today hosted a special event, “ST DAY in India”, in New Delhi, which took place in the presence of Thiru Dayanidhi Maran, Minister of Communication and Information Technology, and Shir Jainder Singh, the IT Secretary. During the event, senior managers of the company presented strategic overviews of the world and the regional electronics and semiconductor markets, with particular emphasis on the rapidly growing Indian electronics market.
With industry analysts expecting electronics manufacturing in India to grow at a rate some 5.5 times greater than the overall worldwide growth rate, India is poised to become a major player in the worldwide electronics manufacturing industry and ST emphasized the depth of support and the breadth of products, platforms and technologies that it offers customers in India.
“ST is a world leader in developing and supplying the enabling silicon technology in all the market segments that offer the most exciting growth opportunities in India’s electronics industry,” said Thierry Tingaud, STMicroelectronics’ Corporate Vice-President and Emerging Markets Region General Manager, citing digital multimedia, automotive electronics and smartcard/RFID applications among the examples. “In fact, ST is the world’s number one supplier of set-top box chips, the number one supplier of dedicated chips for automotive applications and the number one supplier in the fast-growing market for ultra-high frequency RFID chips.”
“ST has an unrivalled track record in building strong relationships with customers, strategic partners, universities and research institutes around the world and we are committed to using all these skills to support the rapidly-growing electronics manufacturing industry in India,” said Vivek Sharma, STMicroelectronics’ Vice-President Emerging Markets Region and Director India Design Center. “We are able to offer unrivalled support to our Indian customers because our Greater Noida R&D center, which has grown from four people in 1987 to over 1700 today, has been closely involved in developing so many of our important products and platforms.”
During the event ST unveiled the first set-top box chip entirely designed in India. The STi5107 MPEG decoder, along with its accompanying software, was designed and implemented at the Greater Noida R&D center, using state-of-the-art design tools and application software integration techniques. The chip includes advanced security features designed to provide a secure and low-cost solution for the standard definition Pay-TV market.
About STMicroelectronics
STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology, and its products play a key role in enabling today's convergence markets.
STMicroelectronics’ shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2005, the Company's net revenues were $8.80 billion and net earnings were $601 million. Further information on ST can be found at www.st.com.
