STMicroelectronics Comments on Today's Media Reports

    GENEVA--Oct. 16, 2002--With reference to reports appearing in the international media today, STMicroelectronics strongly denies any ongoing discussions with Motorola concerning the possible acquisition or merger of their semiconductor activities.

    About STMicroelectronics

    STMicroelectronics, the world's third largest semiconductor company, 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 2001, the Company's net revenues were $6.36 billion and net earnings were $257.1 million. Further information on ST can be found at www.st.com.