Word: pistorio
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...billion. Infineon made a dramatic statement in March, threatening to move its headquarters out of Germany to a locale with lower tax. The plan is controversial, and even members of the company's supervisory board, which must approve it, have voiced opposition. STMicro, under the leadership of Pasquale Pistorio, is taking a different tack. The company, with annual revenues of $6.32 billion, doesn't manufacture drams at all. It focuses instead on logic chips, and increasingly on flash memory cards, used to store pictures taken with a digital camera. Another difference: STMicro has formed partnerships with several key customers, such...
...recyclable nylon that makes it possible to reconstitute old carpets into new. Swiss semiconductor maker ST Microelectronics has saved more than $60 million by cutting its energy usage and more than $20 million by reducing water consumption below baselines set in 1994--a program initiated after CEO Pasquale Pistorio's son Carmelo questioned his father's environmental stewardship. The company issued a "decalogue"--or 10 commandments--of environmental goals and empowered its divisions to become creative. The responses include using solar power and finding ways to recycle water...
...STMicroelectronics Public company based in Geneva, Switzerland CEO: Pasquale Pistorio What it does: Designs and develops semiconductors used in computer and telecommunications systems and consumer and automotive products Why it is hot: The company is now the world's sixth-largest semiconductor company, up from ninth in 1999. It posted year-over-year double-digit growth in revenues and net earnings in the first quarter www.st.com | last year...
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