Honeywell / Genesis Microchip

On December 11, 2007, ST Microelectronics announced the acquisition of Genesis Microchip. on January 25, 2008, STMicroelectronics completed its acquisition of Genesis. Genesis became a wholly owned subsidiary of STMicroelectronics and the shares of Genesis were withdrawn from trading on the Nasdaq Global Market.

Genesis Microchip is a leader in “back-end” image and video processing and digital interconnect technologies. Genesis Microchip Inc. designs, develops, and markets integrated circuits that manipulate and process digital video and graphic images. It offers display controllers that receive and process analog and digital video and graphic images for viewing on a flat-panel display. The company’s products include video format conversion and image enhancement processors, graphics/television video processors for SXGA-WUXGA resolutions, integrated LCD monitor controllers, analog interface LCD monitor controllers, digital television audio and video decoders, LCD controllers for multi-function monitors, premium television video controllers, and single-chip flat panel television controllers, as well as Pin/firmware compatible family of analog and dual input LCD monitor-controllers for XGA, SXGA, and UXGA resolutions. Its display controllers are used in applications, such as flat-panel computer monitors, liquid crystal display televisions, plasma televisions, digital cathode ray tube televisions, digital televisions, and other display devices in the consumer electronics market.

About STMicroelectronics

STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today’s convergence markets. The Company’s shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2007, the Company’s net revenues were $10.0 billion. Further information on ST can be found at www.st.com.