STMicroelectronics Responds to Recent Press Accusations
STMicroelectronics Supervisory Board Statement
The Supervisory Board of STMicroelectronics N.V. has recently addressed several misconceptions that have surfaced in the Italian press. These statements sought to question the integrity of two members of the Company’s Managing Board in relation to personal transactions, specifically concerning stock trades prior to earnings announcements.
Clarification on Transactions
The Supervisory Board firmly categorizes these accusations as unfounded. The relevant stock sales were executed during the Company’s designated blackout period. Importantly, these transactions were conducted by the Company’s stock plan administrator through a pre-established automatic procedure in full compliance with Swiss tax regulations, showcasing the legal adherence and policy alignment of these actions.
Support for Management Team and Future Vision
Moreover, the Supervisory Board has taken significant steps to reshape the Company’s manufacturing framework, especially by enhancing ST’s wafer fabrication capabilities. This strategic move aims to bolster the Company’s competitive edge in both 300mm silicon and 200mm silicon carbide technologies. The ongoing endeavors, first announced in late October of the previous year, have been viewed as a critical factor in the Company's growth trajectory.
In tandem, the Supervisory Board extends its unwavering support to Jean-Marc Chery, Lorenzo Grandi, and the entire management team. Their leadership is essential as they navigate the complexities of the semiconductor industry, particularly in these challenging times.
About STMicroelectronics
At STMicroelectronics, we proudly stand as 50,000 innovators in semiconductor technologies, meticulously managing the semiconductor supply chain through cutting-edge manufacturing facilities. As an integrated device manufacturer, we collaborate with over 200,000 customers alongside numerous partners to design and deliver products, solutions, and ecosystems that address pressing industry challenges while paving the way for a more sustainable future. Our technologies play a pivotal role in driving smarter mobility, enhancing power management efficiency, and enabling the widespread adoption of cloud-connected autonomous technologies.
As we continue our sustainability journey, we are committed to achieving carbon neutrality across all direct and indirect emissions by the end of 2027. This encompasses our product transportation, business travel, as well as employee commuting emissions, emphasizing our holistic approach to environmental responsibility.
Contact Information for Inquiries
For any further inquiries related to STMicroelectronics, please reach out to our dedicated teams:
INVESTOR RELATIONS
Jérôme Ramel
EVP Corporate Development & Integrated External Communication
Tel: +41.22.929.59.20
Email: jerome.ramel@st.com
MEDIA RELATIONS
Alexis Breton
Corporate External Communications
Tel: +33.6.59.16.79.08
Email: alexis.breton@st.com
Frequently Asked Questions
What is the main purpose of the Supervisory Board's statement?
The statement aims to address and clarify false accusations regarding specific stock transactions made by members of the Managing Board.
How does STMicroelectronics handle stock transactions during blackout periods?
Stock transactions during blackout periods are managed automatically by a stock plan administrator, ensuring compliance with relevant laws and company policies.
What are the key areas of growth for STMicroelectronics?
The Company is focusing on enhancing wafer fabrication capabilities in both 300mm silicon and 200mm silicon carbide technologies to strengthen its market competitiveness.
Who are the primary contacts for further inquiries at STMicroelectronics?
The primary contacts include Jérôme Ramel for investor relations and Alexis Breton for media relations.
What commitment does STMicroelectronics have towards sustainability?
The Company is dedicated to achieving carbon neutrality across all emissions and aims to utilize 100% renewable electricity by the year 2027.
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