Press Release : STMicroelectronics Partners with Schneider Electric on Carbon Neutrality and Co-Development of Energy-Efficient Solutions

   PR ndegC2975C 
 
   STMicroelectronics Partners with Schneider Electric on Carbon Neutrality 
 
 
   and Co-Development of Energy-Efficient Solutions 
 
   Geneva, Switzerland, December 14, 2020 -- STMicroelectronics (NYSE: STM), 
a global semiconductor leader serving customers across the spectrum of 
electronics applications, has selected Schneider Electric as a strategic 
partner to support its goal to reach carbon neutrality by 2027. 
Schneider Electric, the leader in the digital transformation of energy 
management and automation, will support ST in this next stage of its 
ongoing efforts to reduce its global environmental footprint. 
 
   The companies will collaborate on the overall reduction of energy 
consumption on ST's manufacturing and design sites, the renewable energy 
sourcing strategy across all of ST's locations, and the identification 
and implementation of credible and relevant carbon avoidance and 
sequestration programs. 
 
   The partnership builds on a longstanding relationship between the two 
companies. Today, ST supplies a variety of energy-efficient components 
to Schneider Electric for use in its variable speed drives, power 
monitoring systems, building management systems, and uninterruptible 
power supply (UPS) systems. 
 
   Under the new agreement, ST and Schneider Electric will increase their 
cooperation to develop additional joint products, technologies, and 
solutions focused on energy efficiency improvement, supporting digital 
transformation in buildings, datacenters, industrial applications, and 
infrastructure. The partners will specifically look at the possibilities 
enabled by wide-bandgap semiconductors (SiC and GaN), AI-enabled sensors, 
and connectivity. 
 
   "ST is stepping up its ambition and plans for the sustainability of its 
operations to become carbon neutral by 2027. To do so, we have built a 
comprehensive program that covers extensive actions in our fabs -- key 
assets that will strengthen our design sites, our global energy 
procurement of 100% renewable energy, and our overall footprint 
throughout our operations globally," said Jean-Marc Chery, 
STMicroelectronics' President & CEO. "These are very ambitious targets 
for a global company such as ST. To reach them we will collaborate with 
one of the leaders in this field, Schneider Electric. Schneider's 
support will be instrumental in reaching our own sustainability targets 
and in the joint development of technology, products, and solutions that 
can benefit the industries we work with and, ultimately, society as a 
whole." 
 
   "Schneider Electric is supporting the transition to an all-digital, 
all-electric world that will meet the challenges of the climate crisis 
without leaving anyone behind. But we're not doing it alone; our 
ecosystem--including our customers and our suppliers--plays a crucial 
role in this transition," said Jean-Pascal Tricoire, Chairman & CEO of 
Schneider Electric. "Both a customer and a supplier, STMicroelectronics 
is one of our key partners in this endeavor. By using ST solutions in 
our products, we can accelerate our performance and efficiency. In turn, 
by working with ST to set and achieve its carbon reduction targets, we 
create a virtuous cycle that contributes to the fight against climate 
change while reaching our respective sustainability goals." 
 
   About STMicroelectronics 
 
   At ST, we are 46,000 creators and makers of semiconductor technologies 
mastering the semiconductor supply chain with state-of-the-art 
manufacturing facilities. An independent device manufacturer, we work 
with our 100,000 customers and thousands of partners to design and build 
products, solutions, and ecosystems that address their challenges and 
opportunities, and the need to support a more sustainable world. Our 
technologies enable smarter mobility, more efficient power and energy 
management, and the wide-scale deployment of the Internet of Things and 
5G technology. Further information can be found at www.st.com. 
 
   About Schneider Electric 
 
   Schneider's purpose is to empower all to make the most of our energy and 
resources, bridging progress and sustainability for all. We call this 
Life Is On. We drive digital transformation by integrating world-leading 
process and energy technologies, end-point to cloud connecting products, 
controls, software and services, across the entire lifecycle, enabling 
integrated company management, for homes, buildings, data centers, 
infrastructure and industries. We are the most local of global 
companies. We are advocates of open standards and partnership ecosystems 
that are passionate about our shared Meaningful Purpose, Inclusive and 
Empowered values.  Learn more at www.se.com. 
 
   For further information, please contact: 
 
   STMICROELECTRONICS 
 
   INVESTOR RELATIONS: 
 
   Céline Berthier 
 
   Group VP, Investor Relations 
 
   Tel: [phone] 
 
   [e-mail] 
 
   MEDIA RELATIONS: 
 
   Alexis Breton 
 
   Corporate External Communications 
 
   Tel: + 33 6 59 16 79 08 
 
   [e-mail] 
 
   SCHNEIDER ELECTRIC 
 
   MEDIA RELATIONS: 
 
   Amy Haddon 
 
   Energy & Sustainability Services 
 
   Tel. [phone] 
 
   [e-mail] 
 
   Attachment 
 
 
   -- Joint PR_ST-Schneider partnership on carbon neutrality _FINAL FOR 
      PUBLICATION 
      https://ml-eu.globenewswire.com/Resource/Download/6ec9b4a8-224c-41bc-b3f6-0a7ee7662366

(END) Dow Jones Newswires

December 14, 2020 08:00 ET (13:00 GMT)