STMicroelectronics N.V.

STMicroelectronics N.V. designs, develops, manufactures, and markets semiconductor solutions across four primary target markets: automotive, industrial, personal electronics, and communications equipment, computers, and peripherals. The company operates through reportable segments comprising Analog Products, MEMS and Sensors; Power and Discrete products; Embedded Processing; and RF Optical Communications. Its broad catalog includes discrete devices, analog and smart power integrated circuits, general-purpose and automotive microcontrollers, microprocessors, motion and environmental sensors, and optical sensing systems. STMicroelectronics sells its products to more than 200,000 customers directly, as well as via distributors, original design manufacturers, and electronic manufacturing services partners.

The company employs approximately 48,000 people and maintains 14 primary manufacturing facilities situated across Europe, the Middle East, Africa, and Asia. It coordinates global distribution through four regional commercial organizations covering the Americas, Asia Pacific excluding China, China, and EMEA. STMicroelectronics is organized under Dutch law with its corporate legal seat in Amsterdam, The Netherlands, while operational headquarters are located in Plan-Les-Ouates, Geneva, Switzerland.

Summary of the business section of STMicroelectronics's latest annual report, written by StockData.

“This decision resulted in a global workforce review affecting approximately 1,400 employees worldwide, which included about 430 employees in France through a voluntary departure plan, about 670 employees in Asia and about 120 employees in the United States of America.”