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STMicroelectronics Officially Opens the ST Technopark in SINGAPORE |
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Singapore, 2 December 2004 - The Singapore Minister for Trade and Industry, Mr. Lim Hng Kiang, has today formally inaugurated the STMicroelectronics (ST) TechnoPark, an area encompassing ST's various facilities, including its newest wafer fabrication plants, located in Ang Mo Kio, Singapore. The inauguration was also officiated by the Chairman of the Singapore Economic Development Board, local dignitaries, major customers and suppliers, as well as Mr. Pasquale Pistorio, President and CEO of STMicroelectronics. The Ang Mo Kio site is the long-time home of ST's first Singapore-based (125mm) wafer fabrication plant and IC design centre, which was set up twenty years ago. With the expansion of its activities in Singapore over the last few years, ST has added one 200-mm and two 150-mm wafer fabrication plants and two new Asia Pacific headquarters buildings. The headquarters buildings house R & D, IC design, sales, marketing, training, and support functions near the original site; the whole complex is now named ST TechnoPark. To date, approximately US$2.4 billion has been invested in the TechnoPark and a further US$1.2 billion is expected to be invested by end 2006 to achieve the planned capacity. ST currently employs about 6000 people at the ST TechnoPark. ST's 200-mm wafer fab is mostly dedicated to the production of Flash memories based on 0.10 micron technology while the 150-mm fabs concentrate on a mix of products based on other non-volatile memories, Power, CMOS, and mixed technologies serving ST's worldwide customers. At full production capacity, the 176,000 square meter ST TechnoPark is capable of producing up to 100,000 wafers per week. The chips produced by these plants are used in industrial applications and in other everyday applications, such as in computer peripherals, telecommunication, consumer, and automotive products. This capacity in Singapore, which will make a significant contribution to the Company's overall manufacturing capabilities, is required for the growing worldwide demand for semiconductors and complements ST's other leading-edge 300-mm and 200-mm fabs around the world, each of which produce one or more pieces of ST's broad technology and product portfolio. Established in 1969, ST was among the first semiconductor companies to set up assembly and test operations in Singapore. Enjoying success and continuous growth over the years, the Company decided to set up an integrated range of services as part of the Company's globalisation strategy. ST's expansion has brought its total investment in Singapore to close to S$4.7 billion. "ST's TechnoPark demonstrates the integral role Singapore plays in ST's global business operations and is the natural evolution of ST's growth in Singapore, Asia, and around the world," said Pasquale Pistorio. "We will continue to grow and enhance our capabilities here to take advantage of a growing Asia-Pacific and worldwide semiconductor market thanks to the skills and dedication of our employees in Singapore." From its Asia-Pacific regional headquarters in Singapore, the company's operations now span research and development, advanced IC design, application, front-end and back-end manufacturing, marketing, and supply-chain management. Today, STMicroelectronics is the only semiconductor company in Singapore with a fully integrated manufacturing value-chain employing about 7,400 staff. ST's Asia Pacific headquarters sales office today accounts for 42% of ST's global sales. About STMicroelectronics STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners position the Company at the forefront of System-on-Chip (SoC) technology, and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2003, the Company's net revenues were US$7.24 billion and net earnings were US$253 million. More information on ST can be found on http://www.st.com |
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