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 December 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 December 19, 2000 announcing STMicroelectronics'
acquisition of Portland Group Inc.
STMicroelectronics Announces Acquisition of Portland Group Inc.
Acquisition reinforces ST's strength in embedded DSP system-on-chip
solutions for applications including wireless, wireline, data storage,
multimedia and automotive
GENEVA--Dec. 19, 2000--STMicroelectronics (NYSE:STM) today announced an
agreement to acquire Portland Group Inc (PGI), a vendor of compilers and
software development tools to the high-performance parallel computing market. ST
will invest $17.1 million to acquire full ownership of PGI's operations,
including the product portfolio, know-how and technologies developed by the
company.
Based in Portland, Oregon, PGI is a privately held company that has been
operating for 10 years and has world-class expertise in advanced computing
architectures and bringing parallel compiler technologies into production on the
world's fastest parallel supercomputers.
Compilers and software development tools are the primary interface between a
software developer and a computing system; the compiler translates an
application written in a high-level programming language into a binary code that
a computing system can execute.
The acquisition is the latest stage in the evolution of a close working
relationship between ST and PGI. The two companies have been working together
for the past two years to develop compiler technology for ST's leading-edge
ST100 embedded Digital Signal Processor (DSP) core family. Combining ST's
advanced ST100 core designs with PGI's unique compiler expertise provides the
best possible performance for the target applications in mobile phones, wideband
network access, data storage, automotive and multimedia. ST100 cores are being
used in conjunction with embedded memories, peripheral functions and other ST or
customer Intellectual Property (IP) to build complete system-on-chip (SoC)
solutions. In addition, PGI know-how will strengthen ST capability to build
state-of-the-art SoC DSP platforms evolving towards multiprocessor and parallel
processing architectures.
"This acquisition is a key component of ST's strategy to deliver market-leading
DSP-based system-on-chip solutions for various key applications, including
wireless terminals, broadband modems, magnetic and optical disk drives and
emerging car multimedia solutions," said Aldo Romano, Corporate Vice-President
and General Manager of ST's Telecommunications & Peripheral/Automotive Groups.
"Compiler expertise is becoming more important in these markets, so combining
PGI's compiler and advanced architecture know-how together with ST's
semiconductor technology will enable us to deliver the industry's most efficient
DSP-powered system-on-chip platforms."
"The acquisition by ST is a testament to the world-class team of people PGI has
assembled over the years," said Vince Schuster, CEO of PGI. "PGI's business
model is complementary with ST's existing DSP activities. PGI has always focused
on being the leader in its chosen markets and the integration of PGI within ST
will allow our combined teams to continue developing world-class compiler
products."
STMicroelectronics' innovative ST100 Digital Signal Processor core family with
its superscalar and multiple MAC architecture has been conceived specifically to
be used in SoC designs for applications such as mobile phone terminals and disk
drives, where advanced functions now being added require more processing power.
Fully functional silicon based on the ST120 core - the first member of the ST100
family - has already been delivered to systems companies for prototyping. Recent
design wins for the ST100 include: a new chip that will decode next-generation
traffic information services for CUE Corp; and multiple solutions at Alcatel for
Digital Subscriber Line and Voice-over-IP communications chips.
- more -
STMicroelectronics Page Two
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 ParisBourse 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. Further information on ST can be found at www.st.com.
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.
For further information please contact:
Investor Relations Europe:
Benoit deLeusse,
Investor Relations Manager Europe
Tel : +33.4.50.40.24.30
Fax : +33.4.50.40.25.80
Investor Relations USA:
Portia Switzer,
Investor Relations, U.S.
Tel : +1.412.366.8181
Fax : +1.412.366.8388
Press Relations :
Maria Grazia Prestini,
Corporate Press Relations Manager
Tel.: +39 039 603 59 01
Tel.: +33 4 50 40 2532
Fax: +33 4 50 40 2540
Mariagrazia.prestini@st.com
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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: December 21, 2000 STMicroelectronics N.V.
By: /s/ Pasquale Pistorio
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Name: Pasquale Pistorio
Title: President and Chief
Executive Officer