STMicroelectronics a global semiconductor leader serving customers across the spectrum of electronics applications has been named a Top 100 Global Innovator in 2023. The annual list from Clarivate, a global leader in connecting people and organizations to intelligence they can trust to transform their world, identifies organizations at the pinnacle of the global innovation landscape by measuring excellence focused on exceptional consistency and scale in innovativeness.
“Innovation is at the core of value creation and competitive advantage.” “It enables us, together with customers and partners, to create unique technologies and products that provide solutions for a more sustainable future,” said Alessandro Cremonesi, Executive Vice President, and Chief Innovation Officer at STMicroelectronics. “Being recognized as a winner of the Top 100 Global Innovator Award for the fifth time demonstrates the quality of our R&D, and the excellence of our teams and their creativity.”
In 2022 ST invested 12% of its revenues in R&D, have over 9,000 R&D employees, and engages in extensive collaboration with leading research labs and corporate partners throughout the world. The company’s Innovation Office focuses on connecting emerging market trends with internal technology expertise to identify opportunities, stay ahead of the competition, and lead in new or existing technology domains.
Gordon Samson, Chief Product Officer of Clarivate, said, “At Clarivate, we aim to bring clarity to the complex.” Our focus is to pore over what humanity knows today and to put forward the insight that explores all possible horizons; that enables transition and transformation. “We acknowledge the Top 100 Global Innovators 2023—companies and organizations that know that innovative ideas and solutions to current challenges not only bring rewards to their businesses but foster genuine improvements in society.”
This year’s report marries insights from Clarivate on inventive activity and scientific discovery to better track the flow of modern innovation – to identify the 50 research organizations most often cited by the Top 100 Global Innovators 2023. These are global institutions whose intellect underpins the design of engineered solutions.
The Top 100 Global Innovators uses a complete comparative analysis of global invention data to assess the strength of every patented idea, using measures tied directly to their innovative power. To move from the individual idea strength to identify the organizations that create them more consistently and frequently, Clarivate sets two threshold criteria that potential candidates must meet and then adds a measure of their patented innovation output over the past five years.