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World
Semiconductor Leader Sees Bright Future for the Indian Electronics
Industry
STMicroelectronics
December 11, 2006
STMicroelectronics, 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. |
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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 . |
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