On January 10th, STMicroelectronics announced its new organizational structure, which will take effect on February 5th, 2024. The original three product departments will be adjusted into two major product groups, namely analog, power and discrete, MEMS and sensors (APMS), microcontrollers, digital integrated circuits, and radio frequency products (MDRF). The current regional sales and marketing organization remains unchanged. Jean Marc Chery, President and CEO of STMicroelectronics, stated that this adjustment will further improve product development innovation and efficiency, and shorten product launch time.