STMicroelectronics has unveiled its upcoming organizational restructuring, set to take effect on February 5, 2024. The new organization is to "deliver enhanced product development innovation and efficiency, time-to-market as well as customer focus by end market," according to the European IDM vendor.
ST will be divided into two product groups: analog, power & discrete, MEMS, and sensors (APMS), directed by Marco Cassis; and microcontrollers, digital ICs, and RF products (MDRF), led by Remi El-Ouazzane. Both leaders serve as ST presidents and members of the executive committee.
APMS will include two reportable segments: Analog products, MEMS, and Sensors (AM&S) and Power and Discrete Products (P&D). Similarly, MDRF will be separated into two categories: MCU and digital integrated circuits and RF products (DRF).
Concurrent with these changes, Marco Monti, ST president of the former Automotive and Discrete Product Group, will depart from the company.
In addition, ST is strengthening its customer focus by establishing a new application marketing organization that will operate across all ST regions. This effort aims to provide customers with complete system solutions tailored to specific end markets, including automotive, industrial power and energy, industrial automation, IoT, and AI, as well as personal electronics, communication equipment, and computer peripherals.
"We are re-organizing our Product Groups to further accelerate our time-to-market and speed of product development innovation and efficiency. This will enable us to increase value extraction from our broad and unique product and technology portfolio. In addition, we are getting even closer to our customers with an application marketing organization by end market which will boost our ability to complement our product offering with complete system solutions," said Jean-Marc Chery, president and CEO of STMicroelectronics. "This is an important step in the development of our established strategy, in line with our value proposition to all stakeholders and with the business and financial ambitions we set back in 2022."
