GlobeNewswire Inc | Dec 14, 2020 08:00AM EST

December 14, 2020

PR nC2975C

STMicroelectronics Partners with Schneider Electric on Carbon Neutrality and Co-Development of Energy-Efficient Solutions

Geneva, Switzerland, December 14, 2020 STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, has selected Schneider Electric as a strategic partner to support its goal to reach carbon neutrality by 2027. Schneider Electric, the leader in the digital transformation of energy management and automation, will support ST in this next stage of its ongoing efforts to reduce its global environmental footprint.

The companies will collaborate on the overall reduction of energy consumption on STs manufacturing and design sites, the renewable energy sourcing strategy across all of STs locations, and the identification and implementation of credible and relevant carbon avoidance and sequestration programs.

The partnership builds on a longstanding relationship between the two companies. Today, ST supplies a variety of energy-efficient components to Schneider Electric for use in its variable speed drives, power monitoring systems, building management systems, and uninterruptible power supply (UPS) systems.

Under the new agreement, ST and Schneider Electric will increase their cooperation to develop additional joint products, technologies, and solutions focused on energy efficiency improvement, supporting digital transformation in buildings, datacenters, industrial applications, and infrastructure. The partners will specifically look at the possibilities enabled by wide-bandgap semiconductors (SiC and GaN), AI-enabled sensors, and connectivity.

ST is stepping up its ambition and plans for the sustainability of its operations to become carbon neutral by 2027. To do so, we have built a comprehensiveprogram that covers extensive actions in our fabs key assets that will strengthen our design sites, our global energy procurement of 100% renewable energy, and our overall footprint throughout our operations globally, said Jean-Marc Chery, STMicroelectronics President & CEO. These are very ambitious targets for a global company such as ST. To reach them we will collaborate with one of the leaders in this field, Schneider Electric. Schneiders support will be instrumental in reaching our own sustainability targets and in the joint development of technology, products, and solutions that can benefit the industries we work with and, ultimately, society as a whole.

Schneider Electric is supporting the transition to an all-digital, all-electric world that will meet the challenges of the climate crisis without leaving anyone behind. But were not doing it alone; our ecosystemincluding our customers and our suppliersplays a crucial role in this transition,said Jean-Pascal Tricoire, Chairman & CEO of Schneider Electric.Both a customer and a supplier, STMicroelectronics is one of our key partners in this endeavor. By using ST solutions in our products, we can accelerate our performance and efficiency. In turn, by working with ST to set and achieve its carbon reduction targets, we create a virtuous cycle that contributes to the fight against climate change while reaching our respective sustainability goals.

About STMicroelectronicsAt ST, we are 46,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An independent device manufacturer, we work with our 100,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of the Internet of Things and 5G technology. Further information can be found at www.st.com.

About Schneider ElectricSchneiders purpose is toempower all to make the most of our energyand resources,bridging progress and sustainabilityfor all. We call thisLife Is On. We drive digital transformation by integrating world-leading process andenergy technologies, end-point to cloud connecting products, controls,software and services, across the entire lifecycle, enabling integratedcompany management, for homes, buildings, data centers, infrastructure andindustries. We are themost local of global companies. We are advocates of openstandards and partnership ecosystems that are passionate about our sharedMeaningful Purpose, Inclusive and Empoweredvalues.Learn more at www.se.com.

For further information, please contact:

STMICROELECTRONICSINVESTOR RELATIONS:Cline BerthierGroup VP, Investor RelationsTel: +41.22.929.58.12celine.berthier@st.com

MEDIA RELATIONS:Alexis BretonCorporate External CommunicationsTel: + 33 6 59 16 79 08alexis.breton@st.com

SCHNEIDER ELECTRICMEDIA RELATIONS:Amy HaddonEnergy & Sustainability ServicesTel. +1 303 551 7584amy.haddon@se.com

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-- Joint PR_ST-Schneider partnership on carbon neutrality _FINAL FOR PUBLICATION