ST Microelectronics has been recognised as one of the ‘350 Most Admired Companies’ for the second consecutive year, according to FORTUNE Magazine’s 2011 ‘World’s Most Admired Companies’ survey results.
ST Microelectronics is a global semiconductor leader serving customers across the spectrum of electronics applications.
ST Microelectronics is one of only eight companies from the semiconductor industry to earn a place in this year’s FORTUNE annual listing, which ranks the top overall most-admired companies and provides industry-specific and regional lists.
Ranked as the 6th most admired company in the semiconductor industry, ST is also the second highest-rated company based outside the United States and the highest-rated Europe-based chip maker in the sector.
According to Didier Lamouche, Chief Operating Officer of ST Microelectronics, the company is proud to have been recognised as one among FORTUNE’s Most Admired Companies by their partners, suppliers and various stakeholders who contributed to the survey.
All semiconductor companies in the industry-specific ranking were rated based on nine factors, including quality of products or services, quality of management, global competitiveness, and soundness of financial position.
ST Microelectronics placed seventh-or-better in six of the nine reputation-attribute categories including the industry’s fourth highest-rating for social responsibility.
ST is also the highest-rated European semiconductor player in eight of the nine categories.
FORTUNE’s ‘World’s Most Admired Companies’ survey, which debuted in the US in 1983 and began ranking companies worldwide in 1997 is the ‘definitive report card on corporate reputations’.
To participate in the ranking, companies must be Fortune 1000 businesses, non-US companies on the Fortune Global 500 list or top foreign businesses operating in the US.
Of over 1400 companies considered for the survey, a total of 673 companies from 32 countries across 57 industries were surveyed for the ranking.
Respondents in the survey included approximately 4100 top executives and directors from eligible companies along with financial analysts who assessed companies in their own industries, and also voted on companies being considered for the overall most admired list.