BEIJING, June 16, 2015 (GLOBE NEWSWIRE) -- STMicroelectronics (NYSE:STM), a global semiconductor leader serving customers across the spectrum of electronics applications, has been awarded the Excellent Supplier Award for its outstanding contribution in 2014 by Desay SV, China's automotive-electronics industry leader for in-vehicle infotainment systems, air-conditioning controllers, and instrument clusters. ST provides power amplifiers, tuners, positioning, processors, VIPower, EEPROMs, MCUs, and analog devices for Desay SV car-infotainment and HVAC products.
"In 2014, Desay SV achieved more than 40% year-over-year growth, far exceeding the average market growth of the automotive electronics industry," said Xiaoyang Yan, General Manager of Supply Chain of Desay SV. "We value the cooperation with strategic partners like ST, which is important to our business success. ST has demonstrated outstanding performance and contribution to the research and development of the next-generation car-infotainment G5 and LCR platforms through trustworthy technical support, reliable quality, good cost and services."
"Desay SV has a rigorous Vendor Rating System to manage its suppliers on quality, delivery, service, technical support, and cost, and the Excellent Supplier Award is a great recognition to us," said Edoardo Merli, Marketing & Application Director, Automotive Product Group, GC&SA, STMicroelectronics. "We are privileged to have been one of the only four semiconductor suppliers that were granted Excellent Supplier Award by Desay SV. We will continue to support Desay SV with our compelling technologies, broad product portfolio, and long years' experience in customer support worldwide."
With more than 30 years of leadership and solidly placed as a world top-three and China's number one automotive semiconductor supplier, STMicroelectronics is at the forefront of automotive electronics with innovative solutions that make cars smarter, safer, and greener. STMicroelectronics has a wide product offering that is optimized for the highest-growing automotive segments: Safety and Security, Telematics and Infotainment, Body Electronics, and Power Train/Fuel Economy.
ST is a global leader in the semiconductor market serving customers across the spectrum of sense and power and automotive products and embedded processing solutions. From energy management and savings to trust and data security, from healthcare and wellness to smart consumer devices, in the home, car and office, at work and at play, ST is found everywhere microelectronics make a positive and innovative contribution to people's life. By getting more from technology to get more from life, ST stands for life.augmented.
In 2014, the Company's net revenues were $7.40 billion. Further information on ST can be found at www.st.com.
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