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STMicroelectronics' Management Presents At UBS European Technology Conference (Transcript)

Coming back to the wholly-owned business, we actually performed in a very rough environment in 2011. We performed quite well. You see here the evolution of the market which went down in 2011. And our core business went slightly up. So we gained market share as represented in this chart. We went from 5.7% to 5.8% market share in 2011. So we did perform well in our wholly-owned business.

However, of course, as you know the ST Ericsson side of the business did not perform as well. This is the split of our business by segment, by industry segment. Automotive, a very strong part of our core business. We're well positioned geographically. We’re number three worldwide, but we’re number one in China, where the growth is actually the fastest. In computer peripherals, number one in print head, that is a very nice business of ours and number two in the multi control for printers and hard disk drives.

In consumer we are number two worldwide and number one outside of the US where the growth is happening. So we continue to enjoy here, nice growth in emerging markets such as China and India where ST has a very strong leadership. Industrial and others were number three worldwide, communications number three worldwide, however this is the problem area of the company through our joint venture with Ericsson and in distribution 23% of our business, that’s also an area for future growth.

So these are the revenues by product segment, product organizations finally and this mimics pretty much the segment revenues as I described in the previous slide. By the way, regarding the wireless activity here, this is the proportion of our business. However this is the consolidated result, we consolidate a 100% of the results of ST Ericsson. However at the earnings level, it was a 50-50 share with Ericsson. So the exposure we have at earnings level to the wireless business is actually 9%.

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