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STMicroelectronics N.V. (STM) is a global leader in the semiconductor industry, designing and manufacturing a broad range of products for a variety of applications. Formed in 1987 through a merger between Italy's SGS Microelettronica and France's Thomson Semiconductors, the company has become a key supplier of analog chips, microcontrollers, sensors, and discrete power semiconductors, especially for industrial and automotive markets.
With more than 50,000 employees and a network of over 200,000 customers, STMicroelectronics has a strong global presence, characterized by state-of-the-art manufacturing facilities. The company is committed to driving innovation in electronics applications—from smarter mobility and efficient power management to cloud-connected autonomous systems.
In recent developments, STMicroelectronics has made significant strides towards sustainability, aiming for carbon neutrality on scopes 1 and 2, and partially on scope 3 by 2027. The company has entered into various partnerships and agreements to support this goal. Notably, STMicroelectronics signed a ten-year Power Purchase Agreement (PPA) with Centrica Energy for renewable energy in Italy, and expanded a silicon carbide (SiC) substrate wafer supply agreement with SiCrystal.
In the automotive sector, STMicroelectronics collaborates with Panasonic and Geely Auto Group on innovative projects. Panasonic has integrated STMicroelectronics' STM32F3 MCU and edge AI tools into their e-assisted bike, while Geely uses ST’s third-generation SiC MOSFETs in their electric vehicles to enhance performance and efficiency.
On the financial front, STMicroelectronics reported $3.47 billion in net revenues for Q1 2024. Despite a year-over-year decrease of 18.4%, the company continues to invest in future growth, as evidenced by their plans for a high-volume 200mm SiC manufacturing facility in Catania, Italy. This new facility, part of a larger Silicon Carbide Campus, is expected to commence production in 2026, supporting the company's leadership in SiC technology for automotive and industrial applications.
With a focus on R&D and substantial investments in sustainable energy and innovative technologies, STMicroelectronics remains a significant player in the semiconductor industry, driving advancements that support a more connected and environmentally friendly world.
STMicroelectronics has announced its financial targets during its Capital Markets Day in Paris. The company has set an intermediate financial model targeting revenues of approximately $18 billion with an operating margin of 22-24% for 2027-2028. ST has also reiterated its longer-term $20 billion+ revenue ambition, now expected by 2030.
Through its manufacturing reshaping program and cost base resizing initiative, ST anticipates achieving high triple-digit million-dollar savings by 2027 compared to current costs. The company maintains its focus on sustainable and profitable growth, aiming for a gross margin of 44-46% and free cash flow margin of ~20% in the intermediate period.
STMicroelectronics has executed share repurchases between November 11-15, 2024, acquiring 474,885 ordinary shares (0.05% of issued share capital) at a weighted average price of EUR 24.8463 per share, totaling EUR 11,799,157.72. The buyback program, approved by shareholders on May 22, 2024, aims to meet obligations from share option programs and employee stock allocations. Following these transactions, STMicroelectronics holds 12,576,241 treasury shares, representing approximately 1.4% of its issued share capital.
STMicroelectronics announced share repurchases from Nov 04-08, 2024, buying 547,000 ordinary shares (0.06% of issued share capital) at a weighted average price of EUR 24.6638 per share, totaling EUR 13,491,072.70. The buyback, executed on Euronext Paris, aims to meet obligations from share option programs and employee allocations. The company now holds 12,101,356 treasury shares, representing approximately 1.3% of its issued share capital. The program was approved by shareholders on May 22, 2024, and the supervisory board.
STMicroelectronics (NYSE: STM) has signed a 21-year Power Purchase Agreement (PPA) with BKH Solar Sdn Bhd, a joint venture between ENGIE and Conextone Energy, for renewable energy supply in Malaysia. The agreement will provide approximately 50 GWh of renewable energy annually from a new solar farm in Bukit Kayu Hitam, Kedah. This initiative supports ST's goal of achieving carbon neutrality in operations by 2027 and 100% renewable energy sourcing. The renewable energy will power ST's high-volume test and assembly site in Muar, Johor, which employs over 4,700 people.
STMicroelectronics has completed a share repurchase program between Oct 28-Nov 01, 2024, buying back 409,408 ordinary shares (0.04% of issued share capital) at a weighted average price of EUR 25.5039 per share, totaling EUR 10,441,483.15. The buyback was executed on Euronext Paris to meet obligations from share option programs and employee allocations. Following these transactions, STMicroelectronics holds 11,563,022 treasury shares, representing approximately 1.3% of its issued share capital.
STMicroelectronics reported Q3 2024 financial results with net revenues of $3.25 billion, a 26.6% year-over-year decrease. The company posted a gross margin of 37.8%, operating margin of 11.7%, and net income of $351 million. Year-to-date revenues reached $9.95 billion with a 39.9% gross margin.
The company expects Q4 net revenues of $3.32 billion, representing a 22.4% year-over-year decline. ST anticipates a revenue decline between Q4 2024 and Q1 2025 above normal seasonality. The company announced a new program to reshape manufacturing footprint, focusing on 300mm Silicon and 200mm Silicon Carbide capacity, targeting high triple-digit million-dollar annual cost savings by 2027.
STMicroelectronics has unveiled the ST1VAFE3BX, a new bio-sensing chip designed for next-generation healthcare wearables. The chip combines biopotential input for cardio and neurological sensing with motion tracking and embedded AI capabilities.
The device integrates a high-accuracy vertical analog front end (vAFE) for vital signs detection, an accelerometer for inertial sensing, and ST's machine-learning core for autonomous activity detection. Priced at $1.50 for orders of 1000 units, it operates with low power consumption of 50µA typical current and features a 12-bit ADC resolution with 3200Hz maximum output data rate.
STMicroelectronics has announced the completion of share repurchases between Oct 21-25, 2024, acquiring 317,000 ordinary shares (0.03% of issued share capital) at a weighted average price of EUR 25.8060 per share, totaling EUR 8,180,516.60. The buyback program, approved by shareholders on May 22, 2024, aims to meet obligations from share option programs and employee allocations. Following these transactions, STMicroelectronics holds 11,153,614 treasury shares, representing approximately 1.2% of its issued share capital.
STMicroelectronics N.V. (STM) has announced the status of its common share repurchase program for the period from October 14 to 18, 2024. The company repurchased 369,000 ordinary shares, representing 0.04% of its issued share capital, at a weighted average price of €25.5055 per share for a total of €9,411,525.00. The purpose of these transactions is to meet obligations arising from share option programmes or other share allocations to employees or company bodies. Following these buybacks, STMicroelectronics holds 10,836,614 treasury shares, approximately 1.2% of its issued share capital.
STMicroelectronics N.V. (STM) has announced the status of its common share repurchase program for the period from October 7 to October 11, 2024. The company repurchased 364,100 ordinary shares, representing 0.04% of its issued share capital, at a weighted average purchase price of €25.4908 per share. The total cost of the buyback was €9,281,194.62.
The purpose of these transactions is to meet obligations arising from share option programmes or other share allocations to employees or company bodies. The shares may be held in treasury before being used for this purpose or for any other lawful purpose under the Market Abuse Regulation. Following these buybacks, STMicroelectronics now holds 10,467,614 treasury shares, approximately 1.1% of its issued share capital.
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