IT
Scan
July
28, 2003
STMicroelectronics ranks 92nd among tech firms
NEW DELHI -- BusinessWeek's "Infotech 100"
annual ranking of top technology companies recently
ranked STMicroelectronics as one of the top three
silicon chip manufacturers. Based on revenue, revenue
growth, shareholders return, and return on equity,
the ranking has placed ST 92nd, behind Intel (82nd)
and ahead of Taiwanese foundry TSMC (94th). No other
pure-play semiconductor manufacturer from any part
of the world made the top 100 list.
Since
its formation in 1987, when it was ranked 15th in
the world semiconductor league, ST has consistently
grown faster than the semiconductor market and is
now a solid member of the world's top five chip giants.
This standing has been achieved by investing an average
of 14 percent of its net revenues in R&D, consistently
above the industry average, and by forming close relationships
with key customers in diverse industries such as telecom,
computer peripherals, consumer equipment, and automotive.
Emphasizing R&D and broad customer relationships,
ST has positioned itself at the forefront of system-on-chip
technology and is a key enabler of the convergence
phenomenon such as between mobile telephony and computing,
which is now driving the market evolution.
Commenting
on ST's inclusion in the "Infotech 100"
list, Alain Dutheil, corporate vice president -- strategic
planning and human resources, said: "Along with
the increasing pervasiveness of microelectronics,
continual advances in semiconductor technology help
drive the growth of all industries that use electronics.
We are proud to join top customers such as HP, Nokia,
Pioneer, Samsung, Seagate, and Western Digital, on
this prestigious list and we are delighted to think
that our solutions may have contributed to their success."
Contact:
STMicroelectronics
Tel: 98-111-69876
Email: gunjan.banerjee@st.com
www.st.com
