GENEVA, Switzerland /PRNewswire-FirstCall/ -- STMicroelectronics (NYSE:STM) has announced it recently joined the Microsystems Industrial Group (MIG) industry consortium at the Microsystems Technology Laboratories (MTL), Massachusetts Institute of Technology. The Microsystems Industrial Group is an exclusive industry consortium that was founded in the 1980s to support Microsystems Technology Laboratories infrastructure and provide direction to the MTL research and educational objectives in consultation with the faculty. ST is the first European company to join the group.
"We are thrilled to have STMicroelectronics join the Microsystems Industrial Group as the first European company in the consortium," said Anantha Chandrakasan, MTL director and Joseph F. and Nancy P. Keithley Professor of Electrical Engineering, MIT. "We are looking forward to an active collaboration in a number of important areas including ultra-low-power electronics, sensor systems and medical electronics."
"ST is a leader in the development of low-power technologies that can reduce power dissipation in embedded System-on-Chip solutions, while maintaining the same level of performance in cutting-edge industrial and portable consumer products," said Alessandro Cremonesi, Strategy and System Technology Group Vice President and Advanced System Technology General Manager, STMicroelectronics. "ST looks forward to contributing and expanding its expertise in ultra-low-power technology."
"By joining MTL, ST will be able to push its research efforts to fully exploit 'near-threshold' technology and reach far below the actual power consumption limits of energy-efficient System-on-Chip solutions," said Elio Guidetti, Director for Ultra Low Power Platforms, Advanced System Technology, STMicroelectronics. "This technology can enable the development of an entirely new generation of microcontrollers for wireless sensors and portable medical devices."
STMicroelectronics is among the world's largest semiconductor companies and a leading supplier of embedded System-on-Chip ICs for use in consumer, communications, automotive and computer peripheral markets. STMicroelectronics is engaged in a wide range of research programs conducted with leading universities and research institutes around the world.
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 positions 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 2007, the company's net revenues were $10 billion.