The ST Group was founded in June 1987 as a result of the merger of SGS Microelectronics in Italy and Thomson Semiconductor in France, and in May 1998 SGS-Thomson Microelectronics changed its name to STMicroelectronics Ltd. STMicroelectronics is one of the world's largest semiconductor companies, with a balanced distribution of the company's sales revenues among the five fastest-growing markets in the semiconductor industry (five markets as a percentage of 2007 sales revenues): Communications (35%), Consumer (17%), Computing (16%), Automotive (16%) and Industrial (16%). According to the latest industrial statistics, ST is the fifth largest semiconductor manufacturer in the world and a world leader in many markets. For example, ST is the world's No. 1 manufacturer of dedicated analog and power conversion chips, the world's No. 1 supplier of industrial semiconductors and set-top box chips, and one of the world's leading companies in the fields of discrete devices, cell phone camera modules and automotive ICs.

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