From GlobeNewswire:

STMicroelectronics has announced a new organizational structure that aims to enhance product development, innovation, and efficiency. The company will be reorganized into two Product Groups, split into four Reportable Segments, focusing on marketing by end market across all regions. This move is intended to increase value extraction from the product and technology portfolio, while an application marketing organization by end market will provide customers with complete system solutions. The new organization will be effective from February 5th, 2024. For further details, visit www.st.com or contact Céline Berthier for investor relations and Alexis Breton for media relations. STMicroelectronics is committed to becoming carbon neutral by 2027.



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