ST's New CEO Not Ruling Out Acquisitions in Quest for Growth

Nitin Dahad, EETimes
5/22/2018 09:01 AM EDT

LONDON — As STMicroelectronics moves closer to its leadership transition, we heard from both outgoing and incoming CEOs this week at the company’s annual capital markets day in London for investors and analysts.

Retiring CEO Carlo Bozotti was relaxed as he reflected upon the strong position that he will be leaving the company in following past troubles, indicating that the company is focusing on growing markets in automotive and IoT and aspiring to become a $12 billion company.

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