ST's Bozotti to Chery: Get to $12 billion quickly: Page 2 of 2

May 17, 2018 //By Peter Clarke
ST's Bozotti to Chery: Get to $12 billion quickly
Tuesday May 15, 2018, was the last financial analysts one-day conference for Carlo Bozotti, CEO of STMicroelectronics NV, before he retires at the end of May. Not surprisingly he was quizzed by the analysts as to what tasks or guidelines he is handing over to successor Jean-Marc Chery and how he sees the company in three or four years.

Chery, said that ST has become an innovation and technology supplier. "Our operating identity is IDM [integrated device manufacturer] but we will also use the foundry supply chain. In automotive and industrial we want to do everything, either by development internally  or we will use technology pragmatically. In personal electronics and computers and communications we will not try to do everything. But there are things in security, RF, sensors we can do. We have some critical know-how we can add to the pure digital core."

Bozotti concluded; "I believe ST is a solid, competitive and innovative company. I am very confident in the future of ST, in Jean-Marc and his leadership team. They will keep moving forward successfully. Success is never final and nor is failure final. There will be changes."

Related links and articles:

www.st.com

News articles:

ST's Bozotti on 'back-to-silicon' differentiation

STMicroelectronics gets a new CEO, boasts nearly 20% revenues growth in 2017

ST quarterly results shake off smartphone blues


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