Topic summary
SGS-Thomson
Extracted from the Wikipedia article STMicroelectronics.
Background
The motivation for the cross-border merger that created ST came from both political and economic sources. By creating SGS-Thomson Microelectronics as a new entity headquartered in Geneva, politicians in both France and Italy sought to create a more powerful European company that could stand up against American dominance of the industry, and even prevent Europe from greater dependence on imported technology. Furthermore, both SGS and Thomson already cooperated in some areas, including a strategic alliance to develop and produce non-volatile memory. Upon its creation in 1987, this new corporation was named SGS-THOMSON and headed by chief executive officer Pasquale Pistorio.