Boston, MA 09/26/2014 (wallstreetpr) – STMicroelectronics NV (ADR) (NYSE:STM), the world’s biggest manufacturer and supplier of MEMS, announced that it has completed the shipment of five billion MEMS sensors, establishing its top position as in the industry.
Industry Leader
STMicroelectronics NV (ADR) (NYSE:STM) is the international leader in the semiconductor industry and provides services to customers across the electronics platform. It is the No.1 manufacturer MEMS (Micro-Electro-Mechanical Systems) across the globe. It is also a global leader as the No.1 MEMS supplier to businesses catering to mobile and consumer applications. The company’s latest announcement confirms its position as an industry leader.
According to a Business Wire article, the company has successfully shipped as many as five billion MEMS sensors, including the three billion micro-actuators that it had shipped previously. The news establishes it as a fact that STM stands without competition when it comes to covering a complete range of micro-machined silicon devices.
STMicroelectronics NV (ADR) (NYSE:STM)’s sensors find various applications in a host of different ways, including navigation systems, mobile devices- Smartphone and tablets and gaming systems. In addition, they also find application in as diverse purposes as in automotive products, sporting goods, watches, bicycle helmets, and even weather stations. It is also significantly useful in the Internet-of-Things related products.
Superiority Above Peers
In this context, IHS inc. (NYSE:IHS) Director and Senior Principal Analyst for sensors and MEMS commented that the market for MEMS and sensors is growing at exponential rates. This is because of the increasing hype around the internet of Things and recent advancements in wearable gadgets. These products have increased the application scope of the silicon products, he noted. He commended STM’s variety of products that it offers, which, he acknowledged, positions it clearly above all the other companies in the field.
STMicroelectronics NV (ADR) (NYSE:STM)’s expertise and robust design technologies, added with the high-quality products, enables its micro-actuators and sensors to find applications in a variety of sectors, including healthcare and automotive.
