Significant events

June

ST and GlobalFoundries Agreement

ST and GlobalFoundries finalized an agreement for a new 300mm semiconductor manufacturing facility in Crolles, France. This marked a significant milestone in the project, which is supported by the French government and European Commission. The initiative will reinforce the European and French FD-SOI ecosystem, building more capacity for customers in advanced technologies.
ST and Sanan Optoelectronics Agreement

ST and Sanan Optoelectronics signed an agreement to create a joint venture for a high-volume, 200mm silicon carbide (SiC) device manufacturing facility in Chongqing, China. The joint venture will support rising demand for SiC devices in China for car electrification and industrial power and energy applications. The new facility is targeting to start production in Q4 2025.
R&D Collaboration with Airbus

ST announced a collaboration with Airbus on advanced power semiconductors, as a key enabler of the aerospace industry’s transition to hybrid and full-electric systems. The partnership will focus on developing SiC and gallium nitride (GaN) devices, packages, and modules adapted to Airbus’ aerospace applications.

Supervisory board proposal to reappoint Jean-Marc Chery

Our Supervisory Board announced on September 19, 2023, that it will propose the reappointment of Mr. Jean-Marc Chery as sole member of the Managing Board, President and Chief Executive Officer for another three-year term for shareholder approval at the 2024 AGM.
Opening bell at the New York Stock Exchange

Our President and CEO, joined by members of the Executive Management, and Investor Relations team rang The Opening Bell^® at the New York Stock Exchange (NYSE) on behalf of ST. Jean-Marc Chery shared the Company’s ambitions and strategy with John Tuttle, Vice Chairman of the NYSE and President of the NYSE Institute, as well as a global audience of investors, employees, and customers.

New power R&D lab in Italy

A new power system and module reliability testing (P-S&MART) lab was inaugurated in Catania, Italy. The P-S&MART lab, designed with customers, allows products to be tested in real-world conditions and facilitates new collaborations.

Shenzhen innovation center

A new back-end innovation center was launched at our Shenzhen site (China). The new center will gather and integrate innovation and R&D activities related to manufacturing, packaging, and testing technology. It will also allow for more efficient cooperation with Chinese customers.

ST accelerates Edge AI

We announced the ST Edge AI Suite, a comprehensive, integrated set of software and tools offering a simpler, more cost-effective way for developers and companies to embed AI-enabled ST products into industrial, automotive, consumer, and communication applications. This will empower customers to deploy edge AI more easily and accelerate adoption globally.
PPA in Italy

ST signed a 15-year power purchase agreement (PPA) with ERG for the supply of renewable energy to our operations in Italy. This will provide approximately 250GWh of renewable energy annually, covering our two high-volume manufacturing sites in Agrate and Catania, as well as multiple R&D, design and sales, and marketing sites. The energy will be generated by Italian wind farms.