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Jerome Ramel

Research Analyst at Bank of America Corp. /de/

Jerome Ramel is currently Executive Vice President of Corporate Development and Integrated External Communications at STMicroelectronics, bringing deep expertise in the semiconductor industry with a background in equity research. Previously, he was a research analyst with BNP Paribas Securities Corp. and Exane, Inc., where he covered major technology companies and developed a reputation for rigorous financial analysis. Ramel transitioned to STMicroelectronics after a successful analyst career, leveraging his market acumen and strategic insights to advance corporate initiatives. He is known for his analytical skills and comprehensive understanding of equity markets, backed by extensive experience in the financial sector.

Jerome Ramel's questions to STMicroelectronics (STM) leadership

Question · Q2 2024

Jerome Ramel inquired about the current pricing environment, particularly for the Industrial and Automotive sectors, and asked how STMicroelectronics is managing industry-wide overcapacity in terms of CapEx and manufacturing adjustments.

Answer

Lorenzo Grandi, CFO, explained that the overall pricing environment sees low single-digit pressure, with a more pronounced mid-single-digit decline in Industrial microcontrollers and a low single-digit decline in Automotive. Jean-Marc Chery, CEO, added that the company is adjusting manufacturing working hours and cutting discretionary costs. Lorenzo Grandi confirmed the full-year CapEx plan of around $2.5 billion remains, focused on strategic conversions to 300mm and the 200mm silicon carbide ramp.

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