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ST creates organization to focus on China

Posted: 19 Oct 2005 ?? ?Print Version ?Bookmark and Share

Keywords:stmicro? st? china? chip manufacturing?

In a move prompted by the growing importance of the region to the company's bottom line, STMicroelectronics Monday (Oct. 17) announced that the company has established a "greater China" organization internally to cover operations in China, Hong Kong, and Taiwan. ST named Bob Krysiak corporate vice president and general manager of the new entity.

ST said customers in the Asia-Pacific region account for nearly 50 percent of the company's total sales and that shipments within China are responsible for more than 50 percent of the Asia-Pacific volume. The company called the establishment of the greater China region a "vital step" in strengthening ST's success in the world's fastest growing economic zone.

Krysiak, who had been marketing director for ST's Home, Personal, and Communications groups, has been with ST since 1983.

"With active support from the parent Asia-Pac region and direct involvement of its present general manager, Jean-Claude Marquet, Bob's new organization will be tuned to develop the local Chinese market while maintaining our well-established and close relationships with global customers already present in China," said Alain Dutheil, ST's chief operating officer, in a statement.

Also Monday, ST denied reports that it is planning to manufacture chips in India.

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