BEIJING--(Marketwire - Aug 28, 2012) - STMicroelectronics (NYSE: [ STM ]), a global semiconductor leader serving customers across the spectrum of electronics applications and a leading supplier of automotive electronics, together with China FAW Group Corporation (FAW), one of the global leaders in the vehicle manufacturing industry, today announced the establishment of a joint laboratory in the FAW Group Research and Development Center emphasizing advanced research covering comprehensive cutting-edge solutions in power train, chassis, safety, car body, car infotainment, and new-energy technologies, as well as other automotive applications. FAW will adopt ST's microcontrollers (MCUs), Application Specific Standard Products (ASSPs) and smart drivers in their advanced research in automotive electronics platforms.

The joint lab will focus on advanced research in automotive electronics systems. Building on ST's global automotive electronics experience and know-how, devices including PowerPC series 32-bit microcontrollers and EMS (Engine Management System) highly integrated chip solutions, reference designs and technical support, the ST/FAW lab will accelerate joint development of advanced automotive-electronics technologies such as ECU (Engine Control Units), TCU (Transmission Control Unit) and EPS (Electric Power Steering), which will ultimately add more value to FAW's new-generation automobiles.

"China is a huge market for automotive semiconductors and China's automotive shipments have ranked No. 1 worldwide for three consecutive years. Today, automotive safety and comfort are attracting increased attention from consumers and the market for automotive electronics is also growing dramatically," said Jun Li, Deputy Chief Engineer and Director of FAW R&D Center. "The cooperation between FAW and ST will drive our innovation in automotive-electronics technologies to support our development of optimized products at competitive cost, while strengthening our technological competences by overcoming technical constraints."

"A collaboration between FAW, the leading automotive manufacturer in China, and ST, ranking the 1^st supplier of automotive ICs in China in 2011^[1], and the 3^rd automotive supplier globally in 2011^[2], will contribute to FAW developing advanced vehicles that well address the market," said Edoardo Merli, Head of Marketing & Application, Automotive Product Group, STMicroelectronics Greater China & South Asia Region. "ST is already well-positioned in the applications of power-train, car body, and safety, as well as infotainment, and that position is well recognized among Chinese car makers and we are confident this cooperation will further strengthen ST's position in China's automotive electronics industry."

About FAW Group
FAW Group is a China leader in the vehicle manufacturing including high quality trucks, buses, special vehicles and sedans. Established in 1953, it is the oldest and largest automotive group in the country. In 2011, FAW Group sold more than 2 million vehicles.

About STMicroelectronics
ST is a global leader in the semiconductor market serving customers across the spectrum of sense and power technologies and multimedia convergence applications. 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 2011, the Company's net revenues were $9.73 billion. Further information on ST can be found at [ www.st.com ].

[1] IHS iSuppli Topical Report, China Research - Automotive Electronics (Q1 2012)
[2] Strategy Analytics, Automotive Semiconductor Vendor Market Shares 2011

ST and FAW Establish Joint Automotive R&D Lab: [ http://hugin.info/152740/R/1636578/525936.pdf ]