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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 reported on its common share repurchase program, detailing transactions from April 3 to April 6, 2023. During this period, the company repurchased 197,842 ordinary shares, representing 0.02% of its issued share capital, at a weighted average price of EUR 47.41, totaling approximately EUR 9.38 million. The repurchase aims to fulfill obligations from share option programs for employees and management. STMicroelectronics now holds a total of 9,448,355 treasury shares, accounting for around 1.0% of its issued capital. The transactions were executed on the regulated market of Euronext Paris.
STMicroelectronics (NYSE: STM) announced the timing for its first quarter 2023 earnings release and conference call, set for April 27, 2023. The earnings report will be available before European stock markets open, with a conference call scheduled for 9:30 a.m. CET / 3:30 a.m. ET to discuss the results and business outlook.
The webcast will be accessible via ST's website, and a replay will be available until May 12, 2023. This event is significant for investors tracking STMicroelectronics’ performance and future direction.
STMicroelectronics announces updates on its common share repurchase program, active from March 27 to March 29, 2023. The company acquired 84,751 ordinary shares, which is 0.01% of its issued share capital, at a total cost of EUR 3,898,111.60 and an average price of EUR 45.9949 per share. The program aims to fulfill obligations related to employee share options and may also be utilized for other legal purposes. Post-repurchase, STMicroelectronics retains 9,315,989 treasury shares, approximately 1.0% of its capital.
STMicroelectronics (NYSE: STM) announced the resolutions for its 2023 Annual General Meeting (AGM) on May 24, 2023, in Amsterdam. Key resolutions include the adoption of the statutory annual accounts for 2022, distribution of a cash dividend of $0.24 per share in quarterly installments starting Q2 2023, and various appointments to the Supervisory Board. The record date for shareholders to participate is April 26, 2023. Additionally, the company seeks approval for stock-based compensation for the CEO and aims to repurchase shares until the end of the 2024 AGM. Full details are available on their website.
STMicroelectronics has reported its recent share repurchase activity conducted from March 20 to March 24, 2023. During this period, the company bought back 139,341 ordinary shares, representing 0.02% of its issued share capital, at a weighted average price of EUR 46.0032, totaling EUR 6,410,138.05. This repurchase program, part of a strategy approved on May 27, 2021, aims to fulfill obligations related to share options for employees and management. Following this buyback, the company holds 9,231,238 treasury shares, about 1.0% of its capital.
STMicroelectronics published its IFRS 2022 Annual Report on March 23, 2023, which details its performance for the year ending December 31, 2022. The report, compliant with IFRS-EU, is available on their website and has been filed with the Netherlands Authority for the Financial Markets. Additionally, the Supervisory Board proposed a cash dividend of $0.24 per share, payable in quarterly installments of $0.06 each, from Q2 2023 to Q1 2024. Important dates include the ex-dividend date of June 26, 2023 for Q2.
STMicroelectronics has announced its share repurchase program covering the period from March 13 to March 17, 2023. The Company repurchased 142,688 shares, which is approximately 0.02% of its issued share capital, at a weighted average price of EUR 44.9509, totaling EUR 6,413,953.20. The primary purpose of these transactions is to fulfill obligations related to share option programs for employees and management. Following the buybacks, STMicroelectronics now holds a total of 9,091,897 treasury shares, equating to around 1.0% of its issued share capital.
On March 15, 2023, Winbond Electronics Corporation and STMicroelectronics (STM) announced a strategic partnership to integrate Winbond's specialty memory ICs with ST's STM32 microcontrollers (MCUs) and microprocessors (MPUs). This collaboration aims to enhance product integration and performance while ensuring long-term availability for customers in industrial markets. The partnership focuses on combining Winbond's DDR3 RAM with STM's STM32MP1 MPUs, improving performance for applications like industrial gateways and smart devices. Additionally, Winbond's HYPERRAM supports STM's ultra-low-power MCUs, leading to significant power savings and system efficiency.
STMicroelectronics has announced full support for its STM32 microcontrollers in Microsoft Visual Studio Code as of March 14, 2023. The integration allows developers to design, code, and debug STM32 applications seamlessly within the popular IDE. This move aims to enhance accessibility for a broader audience of embedded developers, including high-level software engineers and hobbyists. The new tool extensions offer features like IntelliSense for efficient code editing and are available free of charge. This collaboration with Microsoft aims to leverage the existing developer community using VS Code and expand the reach of STM32 technology.
STMicroelectronics has reported the results of its common share repurchase program for the period from March 6 to March 10, 2023. A total of 140,714 shares were purchased at a weighted average price of EUR 45.7874, totaling EUR 6,442,932.27, representing 0.02% of its issued share capital. The program, initially approved on May 27, 2021, aims to fulfill obligations from various employee share programs. Currently, the company holds approximately 8,949,209 treasury shares, equating to about 1.0% of issued capital.
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