{"id":398865,"date":"2020-12-14T08:03:27","date_gmt":"2020-12-14T13:03:27","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=398865"},"modified":"2020-12-14T08:03:27","modified_gmt":"2020-12-14T13:03:27","slug":"stmicroelectronics-partners-with-schneider-electric-on-carbon-neutrality-and-co-development-of-energy-efficient-solutions","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/stmicroelectronics-partners-with-schneider-electric-on-carbon-neutrality-and-co-development-of-energy-efficient-solutions\/","title":{"rendered":"STMicroelectronics Partners with Schneider Electric on Carbon Neutrality and Co-Development of Energy-Efficient Solutions"},"content":{"rendered":"
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PR n\u00b0C2975C<\/p>\n

\n STMicroelectronics Partners with Schneider Electric on Carbon Neutrality <\/strong>
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\n and Co-Development of Energy-Efficient Solutions<\/strong>\n <\/p>\n

\n Geneva, Switzerland, December 14, 2020 \u2013 STMicroelectronics (NYSE: STM)<\/strong>, 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. <\/p>\n

The companies will collaborate on the overall reduction of energy consumption on ST\u2019s manufacturing and design sites, the renewable energy sourcing strategy across all of ST\u2019s locations, and the identification and implementation of credible and relevant carbon avoidance and sequestration programs. <\/p>\n

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. <\/p>\n

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. <\/p>\n

\u201cST is stepping up its ambition and plans for the sustainability of its operations <\/em>to become carbon neutral by 2027<\/em>. To do so, we have built a comprehensive<\/em>program that covers extensive actions in our fabs \u2013 key assets that will strengthen our design sites, our global energy procurement of 100% renewable energy, and our overall footprint throughout our operations globally,\u201d <\/em>said Jean-Marc Chery, STMicroelectronics\u2019 President & CEO. \u201cThese 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\u2019s 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.\u201d <\/em><\/p>\n

\u201cSchneider 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\u2019re not doing it alone; our ecosystem\u2014including our customers and our suppliers\u2014plays a crucial role in this transition,\u201d\u00a0<\/em>said Jean-Pascal Tricoire, Chairman & CEO of Schneider Electric.\u00a0\u201cBoth 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<\/em>.\u201d<\/p>\n

\n About STMicroelectronics<\/strong>
\n
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<\/a><\/u>.<\/p>\n

\n About Schneider Electric<\/strong>
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Schneider\u2019s purpose is to\u00a0empower all to make the most of our energy\u00a0and resources,\u00a0bridging progress and sustainability\u00a0for all. We call this\u00a0Life Is On.\u200b We drive digital transformation by integrating world-leading process and\u00a0energy technologies, end-point to cloud connecting products, controls,\u00a0software and services, across the entire lifecycle, enabling integrated\u00a0company management, for homes, buildings, data centers, infrastructure and\u00a0industries.\u200b We are the\u00a0most local of global companies. We are advocates of open\u00a0standards and partnership ecosystems that are passionate about our shared\u00a0Meaningful Purpose, Inclusive and Empowered\u00a0values.\u00a0\u200bLearn more at www.se.com<\/u>.<\/p>\n

\n For further information, please contact:<\/strong>\n <\/p>\n

\n STMICROELECTRONICS
<\/strong>INVESTOR RELATIONS:
C\u00e9line Berthier
Group VP, Investor Relations
Tel: +41.22.929.58.12
celine.berthier@st.com<\/p>\n

MEDIA RELATIONS:
Alexis Breton
Corporate External Communications
Tel: + 33 6 59 16 79 08
alexis.breton@st.com<\/p>\n

\n SCHNEIDER ELECTRIC<\/strong>
\n
MEDIA RELATIONS:
Amy Haddon
Energy & Sustainability Services
Tel. +1 303 551 7584
amy.haddon@se.com<\/p>\n

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