April 7, 2008 — /PRNewswire/ — SHANGHAI, CHINA — STMicroelectronics (NYSE:STM), one of the world’s leading semiconductor companies, today announced the inauguration of its new headquarters for Greater China (China, Hong Kong, and Taiwan). Located in the Zizhu Science Park in the Minhang District of Shanghai, the new building was officially inaugurated by Alain Dutheil, COO of ST, and Bob Krysiak, corporate VP and general manager, Greater China region, in the presence of Shanghai government officials, Massimo Roscigno, Consulate General of Italy, and Jacques Torregrossa, Consulat General de France.
ST’s new Greater China HQ reflects not only the company’s current status as one of the top five semiconductor suppliers in the Chinese market, but also its determination to further increase its presence in one of the world’s most important regions. While the new HQ houses all regional business activities, its main focus will be on research and development, creating innovative new solutions for ST customers both in the Greater China region and around the world. The size of the building, some 20,000 square meters, allows for growth of ST staff in Shanghai, from nearly 400 today to a maximum capacity of 1,200.
“Greater China already accounts for nearly 30 percent of our worldwide sales, but is set to play an even greater part in our future growth. We are already an enthusiastic and committed part of the local ecosystem, thanks to the energy and creativity of the hundreds of local engineers we currently employ, and we plan to recruit many hundreds more over the next few years,” says Bob Krysiak, ST corporate vice president and general manager, Greater China Region. “The Shanghai R&D team will be seamlessly integrated into ST’s renowned worldwide R&D organization, so that engineers in Shanghai will be working with, and contributing to, state-of-the-art technologies and solutions of global importance,” notes Krysiak.
Currently, around half of ST’s employees in the region are engineers, either supporting local customers in developing innovative new products across the spectrum of electronics applications, or working in competence centers, where silicon designers and applications engineers work together to develop solutions for partners and customers around the world. ST already has two competence centers in Shanghai, one focusing on digital TV software for worldwide platforms and the other dedicated to multi-segment applications. To date, ST’s Greater China silicon design team has developed more than 60 products for both local and worldwide customers.
“Since we set up our first office in Beijing as far back as 1984, ST has continually increased its commitment to the region, which is illustrated not only by the new HQ and R&D center in Shanghai, but also by our second assembly and test facility that we are building in Shenzhen, and by the important research projects we are carrying out with leading Chinese universities and institutions,” says Alain Dutheil, chief operating officer, STMicroelectronics. “We are proud of the success we have already achieved in China and excited by the contribution we can make to the continued growth of China’s IT industry by innovating in China for China.”
The new Greater China HQ is built to high environmental standards and aims to provide the best working environment for the staff. For example, it features a long, narrow floor plan that maximizes the level of natural lighting, providing a better working experience while saving energy. There will also be wellbeing facilities on-site, including a gym and basketball field. The building also includes a demo room where applications developed by ST’s Greater China IC design center and competence center are exhibited. These applications include solutions for eBike for developing countries, robots, “green” air conditioning equipment, a variety of advanced home entertainment solutions, and a demonstration car displaying the most advanced solutions for security, power train, in car entertainment, and navigation.
STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. A combination of silicon and system expertise, manufacturing strength, intellectual property portfolio, and strategic partners positions the company at the forefront of system-on-chiptechnology, and its products play a key role in enabling today’s convergence markets. The company’s shares are traded on the New York Stock Exchange, on Euronext Paris, and on the Milan Stock Exchange. In 2007, the company’s net revenues were $10 billion.