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STMicroelectronics is one of the largest semiconductor companies in the world, with a net revenue of $9.73 billion in 2011. It is renowned for having the industry's most extensive product portfolio. Leveraging diversified technologies, cutting-edge design capabilities, a robust intellectual property portfolio, strategic partnerships, and efficient manufacturing capabilities, STMicroelectronics serves customers across various electronic application fields by providing innovative semiconductor solutions. STMicroelectronics has significant strengths in technologies such as multimedia, power, connectivity, and sensors. The company’s sales revenue is evenly distributed across the five major markets of the semiconductor industry, including revenue from ST-Ericsson, a 50/50 joint venture between STMicroelectronics and Ericsson, which focuses on wireless business. STMicroelectronics has been recognized as one of the most innovative companies in the semiconductor industry.