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STMicroelectronics: STMicroelectronics and Changan Automobile Form Partnership to Better Address the Chinese Market

Beijing, China
, May 28
- STMicroelectronics (NYSE: STM), a global semiconductor leader serving
customers across the spectrum of electronics applications and a leading
supplier of automotive electronics, together with Changan Automobile, pioneer
of China's modern industry, announced a strategic partnership with the setup
of the Changan - ST Automotive Electronic Joint Laboratory (the "Joint Lab")
at the premises of Changan Automotive Engineering, Global Research Institute.

The partnership aims to extend the cooperation of the two companies in
automotive electronics, focusing on research and development in body,
infotainment, powertrain, and safety applications to meet the demand of the
local automotive electronics market. ST will also provide Changan Automobile
with state-of-the-art automotive semiconductor solutions and products,
together with technical support and employee training.

An Executive Committee and a Technical Committee will manage the operation and
guide the research and development activities of the Joint Lab. ST will form
an Expert Panel to provide training and support, as well as engage in the R&D
activities of the Joint Lab and equip the lab with software tools and
hardware equipment, including semiconductor solution kits, demo boards, and
samples to address a broad range of automotive applications including Engine
Management Systems, airbags, and Braking Management Systems.

ST provides a broad range of products for automotive applications, such as
MCUs, power ICs, and dedicated chips. Throughout their long-term cooperation,
ST and Changan have demonstrated an effective and proven approach to
cooperation resulting in a number of achievements. These include formation of
the library of automotive-grade, Changan-certified chips for enhanced system
reliability and robustness, paving the way for Changan's advanced research
and development, and commercialization of new technologies through creating
HW/SW platforms for car Body Control Modules.

With the setup of the Joint Lab, the cooperation will extend from current
projects mainly on body application to cover other key subsystems in the car,
including powertrain, safety, and infotainment. In addition, ST will join
Changan Automobile in developing industry standards and providing advice,
tailoring its IC designs to Chinese national standards, as well as in seeking
more efficient and flexible business models.

"STMicroelectronics has demonstrated its competence in semiconductor products
and technologies in Asia, and China in particular, as well as around the
world. They have shown us their innovative technologies and business
solutions," said Li Wei, Assistant General Manager, Changan Automobile and
EVP, Changan Automotive Engineering, Global Research Institute. "The two
companies have signed an agreement to establish the Joint Laboratory enabling
an extended cooperation in terms of cost efficiency, technologies etc. I
believe this Joint Lab will kick off a new opportunity of strengthened
cooperation for Changan and STMicroelectronics, providing a broader platform
of extensive exchanges and facilitating Changan's own innovation and
development of smarter cars. I believe we are opening a new chapter of
cooperation for both companies. "

"The extended cooperation with Changan , one of the pioneers of China's modern
industry, will help us better leverage the high potential of the automotive
market in China, as well as the Greater China&South Asia region as a whole.
The market and the consumers are increasingly asking for better fuel
efficiency, safety, comfort, and infotainment, and we are bringing all the
right ingredients to this joint initiative: leading-edge technologies and
products, expertise, and total commitment to Automotive," said Francois
Guibert, Executive Vice President and President of Greater China and South
Asia Region, STMicroelectronics.

Changan Automobile
Changan Automobile is a subsidiary of China Weaponry Equipment who can trace
its origin back to 1862 and is one of the pioneers of China's modern
industry. Changan started its footprints in the automobile industry in 1984,
and since then the Company has been among top tier Chinese automobile brands
with market share and R&D capabilities. Today its assets total RMB 103.3
billion yuan and it has over 80,000 employees.

Changan Automobile has set up 8 large manufacturing bases in Chongqing,
Beijing, Jiangsu, Hebei, Zhejiang, Jiangxi, Anhui and Guangdong. The Company
produces and sells 2.20 million units annually. Over the years, Changan
Automobile has been among the Top 500 National Industrial Enterprises, Top
100 Manufacturing Enterprises and Top 20 Listed Companies in China. It ranks
number 1 in the Top 50 Industrial Enterprises of Chongqing Municipality.

About STMicroelectronics
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 2013, the Company's net revenues were $8.08 billion. Further information on
ST can be found atwww.st.com.

For further information please contact:
Grace Deng
Sr. Corporate External Communications Executive
+86 10 5797 9928

Changan Automobile
Pengfei Zhang
+86 185 8089 6223

Zhangpf@changan.com.cnST Changan Joint R&D Lab


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: STMicroelectronics via Globenewswire


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