FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2000
STMicroelectronics N.V.
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(Translation of registrant's name into English)
Route de Pre-Bois, ICC Bloc A, 1215 Geneva 15, Switzerland
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(Address of principal executive offices)
[Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F]
Form 20-F X Form 40-F
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[Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934]
Yes No X
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[If "Yes" is marked, indicate below the file number assigned to the
Registrant in connection with Rule 12g3-2(b): 82-______]
Enclosure:
A press release dated September 20, 2000 announcing that
STMicroelectronics has completed its acquisition of Waferscale Integration, Inc.
PR No. C888M
STMicroelectronics Completes Acquisition of
Waferscale Integration, Inc.
Complementary portfolio of innovative Flash-based
Programmable System Devices reinforces ST's
strategy in Memory Systems
Geneva, September 20, 2000 - STMicroelectronics (NYSE: STM) today announced that
it has completed the acquisition, effective September 18, 2000, of Waferscale
Integration, Inc. (WSI), the Fremont, California-based leader in Programmable
System Devices (PSDs). In addition to the acquisition, which was announced last
July, ST has obtained the product portfolio, intellectual property (IP),
know-how and technologies developed by WSI in the field of Non-Volatile memories
and memory systems.
WSI's operations will continue to be headquartered in the Silicon Valley area,
but will now function as a fully-fledged operational Business Unit within
STMicroelectronics' Memory Products Group.
"We had been working with WSI as a design and manufacturing partner for several
years and, the integration of WSI's human and intellectual resources into ST's
structure will result in a seamless transition for WSI's fast-growing customer
base while exploiting the synergistic potential for further development of WSI's
innovative products," said Carlo Bozotti, Corporate Vice President and General
Manager of ST's Memory Products Group.
"ST's world-class strengths in manufacturing, products support and development
will not only result in enhanced service to our current customer base, but also
make PSDs attractive to new high volume customers," noted Reza Kazerounian,
manager of the new Business Unit within STMicroelectronics.
The addition of WSI's IP portfolio and its design, marketing, application and
software teams to ST's existing worldwide resources reinforces the Company's
strengths in Memory Systems, where it already offers numerous
application-specific memory architectures, as well as complementing its
established strengths in the field of standard memories.
STMicroelectronics 2
Some of the above statements, that are not historical facts are statements of
future expectations and other forward looking statements (within the meaning of
Section 27A of the Securities Act of 1933, as amended) that are based on
management's current views and assumptions and that involve known and unknown
risks and uncertainties that could cause actual results or performances to
differ materially from those in such statements due to, amongst other factors:
(i) inability to meet customer demand, (ii) new product developments and
technological changes, (iii) manufacturing risks, (iv) inability to achieve
timely ramp up of new production capacity, (v) the highly cyclical nature of the
semiconductor industry, (vi) changes in customer order patterns and
requirements, and (vii) currency fluctuations.
Unfavorable changes in any of the above or other factors listed under "Risk
Factors" from time to time in the Company's SEC reports including the Form 20F
for the year ended December 31, 1999 which was filed with the SEC on June 27,
2000, could materially affect the Company.
About STMicroelectronics
STMicroelectronics (formerly SGS-THOMSON Microelectronics) is a global
independent semiconductor company, whose shares are traded on the New York Stock
Exchange, on the Paris Bourse and on the Milan Stock Exchange. The Company
designs, develops, manufactures and markets a broad range of semiconductor
integrated circuits (ICs) and discrete devices used in a wide variety of
microelectronic applications, including telecommunications systems, computer
systems, consumer products, automotive products and industrial automation and
control systems. In 1999, the Company's net revenues were $5,056 million and net
earnings were $547 million. For the first half of 2000, revenues were $3,579.5
million and net income reached US$574.9 million. Further information on ST can
be found at www.st.com.
For further information, please contact:
STMicroelectronics
Maria Grazia Prestini Alessandro Brenna
Corporate Press Relations Manager Director of Investor Relations for Europe
Tel: +39.039.603.59.01 Tel: +33.4.50.40.24.78
Tel: +33.4.50.40.25.32 Fax: +33 4 5040 2580
Fax: +33.4.50.40.25.40 Alessandro.brenna@st.com
Mariagrazia.prestini@st.com
Morgen-Walke Europe
Lorie Lichtlen Jean-Benoit Roquette
Media Relations Investor Relations
Tel: +33.1.47.03.68.10 Tel: +33.1.47.03.68.10
llichtlen@mweurope.com jbroquette@mweurope.com
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
STMicroelectronics N.V. has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
Date: September 21, 2000 STMicroelectronics N.V.
By: /s/ Pasquale Pistorio
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Name: Pasquale Pistorio
Title: President and Chief
Executive Officer