SGS-THOMSON shot into the world's top ten semiconductor manufacturers last year. It is sometimes hard to believe that the Company was created only ten years ago by the merger of two relatively small and struggling national enterprises. Since then, ST has achieved the most spectacular turnaround in the semiconductry industry's 40 year history, transforming itself into one of the most respected players in the market.

This 10th Anniverary Special Edition of Challenge is a snapshot of ST's Manufacturing Operations, its Research and Development, its Strategic Alliances and the Company's penetration of High Growth Application Markets.