STMicroelectronics Reports 2010 First Quarter Financial Results

  • Approval of the Company's 2009 accounts reported in accordance with International Financial Reporting Standards (IFRS);
  • The reappointment for a three-year term, expiring at the 2013 Annual General Meeting, for the following members of the Supervisory Board: Mr. Raymond Bingham and Mr. Alessandro Ovi;
  • The distribution of an annual cash dividend of US$0.28 per share, to be paid in four equal quarterly installments.

The record date for all shareholders to participate at the Annual General Meeting will be April 28, 2010. The complete agenda and all relevant detailed information concerning the STMicroelectronics N.V. Annual General Meeting, as well as all related AGM materials, are available on the Company's web site ( www.st.com) and are available to shareholders in compliance with legal requirements.

On March 24, 2010, in connection with its legal action to recover from Credit Suisse the amount invested in unauthorized auction rate securities against ST's instructions, ST received a court ruling affirming the unanimous FINRA arbitration award entered in February 2009 in its favor for more than $431 million. The ruling of the federal district court in New York granted ST's petition to confirm the award, denied Credit Suisse's motion to vacate the award, and required Credit Suisse to satisfy fully its obligations to ST under the award. Based on the ruling, which can still be appealed by Credit Suisse, ST is entitled to receive a further amount of approximately $354 million, which includes approximately $23 million of interest to date, and which amount is to be added to the approximately $75 million received by ST last December upon selling a portion of the auction rate securities at the initiative of Credit Suisse.

On February 9, 2010, ST announced that, together with its partners Intel Corporation and Francisco Partners, it had entered into a definitive agreement with Micron Technology Inc., in which Micron will acquire Numonyx Holding B.V. in an all-stock transaction. The Numonyx Flash memory joint venture was created by the partners on March 30, 2008.  Pursuant to the terms of the transaction, at closing Micron will issue to Numonyx's three shareholders an aggregate of 140 million shares of Micron common stock, plus up to 10 million additional shares if the volume weighted average price of Micron's common stock for the 20 trading days, ending two days prior to closing, is lower than $9.00 per share. Micron shares will be held by ST as a financial investment.

Q1 2010 Products, Technology and Design Wins

Automotive, Consumer, Computer and Communication Infrastructure (ACCI)

Product Highlights

  • In automotive electronics:
    • ST announced its 55-nanometer embedded-Flash process technology, which will be used to implement next-generation automotive microcontroller (MCU) chips. ST is extending its production of eFlash technology to this advanced process node at its world-class 300mm manufacturing facility at Crolles, France.
    • In powertrain applications, ST gained a significant share in a major worldwide engine-control management platform, covering all car segments. And in safety applications, ST achieved design wins from two leaders, in Europe and the US, for radar-transceiver and baseband processors for medium- and long-range obstacle detection.
    • ST's expertise in 12V Body Control Modules has been rewarded with several design wins for 32-bit MCUs from tier-one OEMs in Europe and the US and with deployment in 24V systems, addressing the major worldwide truck makers, leading to a design win from a major manufacturer in Europe. Additionally, ST was awarded a power-management ASIC design win for low-power High-Intensity-Discharge (HID) lamps, in partnership with a key European supplier.

  • In automotive infotainment:
    • ST gained an important design win for its leading-edge multi-standard (AM/FM, DAB, HD) radio-receiver DSP from a leading car electronics maker in Europe.
    • ST strengthened its leadership position in navigation processors with its Cartesio+ entering into production, and the gain of an important design win for a dashboard radio-navigation system from a leading car-infotainment OEM, targeting top Japanese car manufacturers.
    • ST also introduced a new digital-input audio-amplifier family and gained an important design win from a leading Japanese car-infotainment manufacturer.

  • In consumer applications:
    • the Company launched a number of set-top-box (STB) decoders, including:
      • the high-end STi7108, which enables 3D-ready hybrid Internet/broadcast-TV STBs to deliver broadcast, Internet and personal content on the TV;
      • the STi7167 single-chip demodulator/decoder for Internet-TV, terrestrial and cable STBs to increase accessibility to digital TV in growing markets such as China, India, Latin America and Africa;
      • the STi7106 high-definition (HD) video decoder, which offers enhancements for higher performance, lower power, and lower bill-of-materials costs in STBs, and the STi5197L, which is designed for entry-level cable zapping STBs, particularly in the China market.
    • Design win activity for STB chips included:
      • continued momentum in digital terrestrial TV (DTT) with wins for the STi7105 decoder in second-generation DTT boxes and a first design win in Argentina with the STi5205;
      • ST's TV switch and buffer products are now gaining designs at several low-cost STB makers in China, assisting in building ST's silicon portfolio within these STBs;
      • several high-definition Internet-connected and built-in web-browser STBs based on ST decoders will be launched in 2011.
    • ST gained a key design win for a single-chip DisplayPort-to-VGA convertor SoC from a major tier-one OEM in the US. The STDP3100 is being used in a dongle application sold as an accessory for a revolutionary new mobile device.
    • ST unveiled the industry's first 'bridge' chipsets for the proposed iDP (Internal DisplayPort) standard for use in next-generation LCD TVs. The chipsets are compliant with the iDP interface standard proposed by ST in collaboration with LG Display.
    • ST's STDP8028 Faroudja™-based LCD-controller SoC, which offers advanced color processing and DisplayPort and HDMI receivers, entered into volume production at several tier-one customers.
    • In audio applications, ST is to design and supply next-generation ANR™ (Ambient Active-Noise Reduction) controllers for Phitek Systems, a leader in electro-acoustic technologies, for use in audio accessories such as headphones, headsets and earphones.

  • In computer peripherals and communications:
    • ST unveiled four new members in its SPEAr™  microprocessor family, targeting embedded-control applications across several market segments in computer, communications and industrial applications.
    • ST announced that one of the members of the family, the SPEAr 300, forms the core of the newest flagship VoIP telephone from snom technology.
    • the Company also announced that the SPEAr 600 is at the heart of a new complete system solution for laser-printer applications.
    • ST won four important ASIC designs from major communication infrastructure customers. Three of these ASICs are implemented in 32nm process technology and are ST's first design wins at 32nm.
    • ST gained two design wins with a world-leading printer manufacturer, one for mid- to high-end inkjet MFPs (Multi-Function Printers) and the second for low-end inkjet MFPs.

Industrial and Multisegment Sector (IMS) Product Highlights

  • In MEMS (Micro Electro-Mechanical Systems):
    • ST launched several new families of motion sensors for consumer and portable applications, including:
      • a new 3-axis gyroscope with a digital output for mobile phones and gaming consoles;
      • a digital compass module for portable navigation applications;
      • the first members in the iNEMO™ multi-sensor Inertial Measurement Unit family;
      • and provided first details of a family of three-axis digital accelerometers that combine the market's smallest footprint with a drastically reduced current consumption and enhanced functionality.
    • Design win activity for MEMS devices included:
      • qualification at several well-known brand-name portable consumer-device manufacturers for 3-axis accelerometers and 3-axis analog-output gyroscopes;
      • a 3-axis gyroscope with digital output was selected by a major consumer product manufacturer for a next-generation smartphone;
      • continued momentum for accelerometers and gyroscopes in leading consumer, mobile and gaming platform applications;
      • and an agreement for the development and supply of a wireless MEMS sensor for the SENSIMED Triggerfish®, a new platform enabling better management of glaucoma patients via earlier diagnosis and treatment optimally tailored to individual patients.


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