Thursday, October 30, 2014

ST Officially Closes Camera Module Business

ST Micro Q3 2014 Earnings Report talks about cost-cutting measures in its imaging business:

"We are discontinuing our commodity camera module products, while reinforcing our imaging efforts on prioritized customer projects and opportunities."

"Effective in the fourth quarter of 2014, the existing Digital Convergence Group (DCG) and Imaging, Bi-CMOS and Silicon Photonics Group (IBP) will be combined under one single organization, called Digital Product Group (DPG). DPG will focus on ASSPs addressing home gateway and set-top box, as well as FD-SOI ASICs for consumer applications; FD-SOI and mixed process ASICs, including silicon photonics, addressing communication infrastructure; and differentiated imaging products.

In parallel, ST announced a plan to achieve $100 million in annualized savings, upon completion of the plan during the course of the third quarter of 2015. A portion of the savings coming from the identified initiatives will leverage the synergies from the combination of the DCG and IBP product groups. Other new initiatives include the disengagement from ST’s commodity camera module products as part of the re-positioning of ST’s imaging strategy and a global workforce review within the Embedded Processing Solutions perimeter to affect about 450 employees worldwide.

Electronics Weekly talks about the possible layoffs at ST's Edinburgh, Scotland site, although they do not appear to affect the imaging group.

From 2012 ST marketing brochure:

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