About STMicroelectronics

STMicroelectronics was formed by the merger of Italy's SGS Microelectronics and France's Thomson Semiconductor. In May 1998, SGS-THOMSON Microelectronics changed its name to STMicroelectronics Ltd. The entire group currently has more than 50,000 employees, 16 advanced R&D institutions, 39 design and application centers, 14 major manufacturing plants, and more than 80 sales offices in 40 countries, serving more than 200,000 customers worldwide, including Apple, Bosch, Continental, HP, Huawei, Hyundai Motor, Mobileye, Samsung, SpaceX and Tesla. Provide innovative smart driving and IoT semiconductor solutions for customers in different electronic application fields. The company's product application market is mainly concentrated in four areas, namely automotive, industrial, personal electronics, and communications, computers and peripherals. Dividing the 2023 revenue by product group, the revenue of the automotive products and discrete devices product division (ADG) will still increase by 31.5% in 2023 after a sharp increase of 37.2% in 2022. The official statement is that although the total sales volume fell by 16%, the average selling price (ASP) increased by 48% thanks to the rich product portfolio. The revenue of the analog devices, MEMS and sensor products division (AMS) fell by 18.7% in 2023, and the revenue of the microcontroller and digital IC products division (MDG) increased by 3.9% in 2023, with a slight increase in average selling price and sales volume, while the previous year increased by 37.5%, indicating weak demand in this market.