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STMicro reorganizes for flash memory foothold

Posted: 15 Dec 2006 ?? ?Print Version ?Bookmark and Share

Keywords:flash? MEMS? STMicro? flash memory? STMicroelectronics?

To prepare for strategic repositioning in the flash memory segment, STMicroelectronics will reorganize its product segments into three categoriesapplication specific groups (ASG), a flash memory group (FMG) and the industrial & multisegment sector (IMS). Reorganization takes effect Jan. 1 of next year.

"We are progressing in our efforts to pursue industry consolidation and financial deconsolidation in flash memory devices," said Carlo Bozotti, ST president and CEO. "This significant move, in combination with the reorganization of application specific groups and creation of the industrial & multisegment sector, enable ST to better address opportunities in the industry's fastest growing markets."

ST is establishing a standalone FMG that incorporates all its flash memory operations such as R&D, manufacturing and marketing. Mario Licciardello, ST corporate VP and general manager, will head FMG.

To provide more synergy to the company's product portfolio, ST is adding to the former MPA business its non-flash memory productsformerly under MPGand its MEMS activity, to form the new IMS sector. Newly-promoted executive VP Carmelo Papa, will lead IMS. Within IMS, the microcontrollers, memories & smartcards group (MMS) will be created and will be lead by corporate VP Claude Dardanne.

Furthermore, ASG will now be composed of the newly created mobile, multimedia & communications group (MMC) and the home entertainment & displays group (HED) as well as the existing automotive product group (APG) and computer peripherals group (CPG).

Tommi Uhari will hold the post of executive VP and will lead MMC, while Christos Lagomichos will serve as corporate VP for HED. APG and CPG will still be managed by corporate VPs Ugo Carena and Gian Luca Bertino, respectively.




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