ST shifts focus to automotive, IoT

January 27, 2016 // By Peter Clarke
STMicroelectronics NV has said it will stop developing products for the set-top box and home gateway markets and plans to lay off up to 1,400 workers out of its total headcount of more than 43,000. The chipmaker's hopes anre now pinned to IoT and automotive electronics.

In 2016 that workforce "re-alignment" is expected to affect about 1,000 employees of which about 150 are based in France. Going forward ST intends to focus on automotive and industrial applications and the Internet of Things including such areas as smart home and smart city applications.
 

ST's business-change announcement comes alongside the announcement of the company's fourth quarter and full year 2015 financial results and a re-organization that sees the elimination of ST's digital products group business unit. Starting in the first quarter of 2016 ST comprises three product groups. These are; automotive and discrete led by Marco Monti; microcontrollers and digital ICs led by Claude Dardanne; and analog and MEMS group led by Benedetto Vigna.

DPG goes but digital ASICs and imaging continue. Source: STMicroelectronics

Jean-Marc Chery, who had led the digital products group, continues with the company in his role as chief operating officer. ST had said back in May 2015 that it was "considering options" for its digital products group, which was widely interpreted to mean a sale or closure.

Next: Re-alignment