STMicroelectronics to reposition the organization

Chipmaker STMicroelectronics , a global semiconductor leader serving customers across the spectrum of electronics applications, is announcing its new organization, effective February 5th, 2024.

It is reorganizing into two product groups, down from three, saying it wants to boost efficiency and get closer to customers in a decision that will also cut overhead.

The Swiss multinational said its new org chart will be effective February 5. As part of this move, the company is implementing a new application marketing organization across all ST Regions.

Moving from three to two Product Groups to further enhance product development innovation and efficiency, and time-to-market

The two new Product Groups will be:

Analog, Power & Discrete, MEMS and Sensors (APMS), led by Marco Cassis, ST President and member of the Executive Committee; and

Microcontrollers, Digital ICs and RF products (MDRF), led by Remi El-Ouazzane, ST President and member of the Executive Committee.

The APMS Product Group will include all ST analog products, including Smart Power solutions for automotive; all ST Power & Discrete product lines including Silicon Carbide products; MEMS and Sensors. APMS will include two Reportable Segments: Analog products, MEMS and Sensors (AM&S); Power and discrete products (P&D).

“We are re-organizing our Product Groups to further accelerate our time-to-market and speed of product development innovation and efficiency. This will enable us to increase value extraction from our broad and unique product and technology portfolio. In addition, we are getting even closer to our customers with an application marketing organization by end market which will boost our ability to complement our product offering with complete system solutions” said Jean-Marc Chery, President and CEO of STMicroelectronics.

“This is an important step in the development of our established strategy, in line with our value proposition to all stakeholders and with the business and financial ambitions we set back in 2022”.

Moving from three to two Product Groups to further enhance product development innovation and efficiency, and time-to-market.

The company is implementing an application marketing organization by end market across all ST Regions, as part of its Sales & Marketing organization led by Jerome Roux, ST President and member of the Executive Committee. The application marketing organization will cover the following four end markets.