STMicroelectronics designs and manufactures semiconductor chips. The company has a fab-lite manufacturing strategy whereby leading edge manufacturing is outsourced. The company's chips are used in industrial, automotive, consumer and communications products. Geographically, customers are worldwide with the majority based in Greater China. STM's strategy has significantly changed over the last couple of years. It has exited ST-Ericsson, its Digital Wireless JV with Ericsson, and its Digital set-top-box business. Growth is driven by its auto business due to Electric vehicle adoption, industrial due to factory automation and IoT, and imaging due to 3D sensing adoption.