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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 announces the timing for its Q4 and full year 2022 earnings release, scheduled for January 26, 2023. The earnings report will be available before European markets open. Following the release, a conference call will take place at 9:30 a.m. CET to discuss the financial results and the business outlook. The call will be accessible via a live webcast on the company’s website and will remain available for replay until February 10, 2023.
STMicroelectronics and eYs3D Microelectronics are set to showcase their collaboration on high-quality 3D stereo-vision cameras for machine vision and robotics at CES 2023. The live demonstrations will highlight advancements in stereo video and depth camera technologies, enhancing capabilities such as feature recognition and autonomous guidance. Key products include the Ref-B6 and Ref-B3 ASV cameras, utilizing ST’s global shutter image sensors and eYs3D’s CV processor for optimal performance. Both companies aim to drive innovation in stereo vision applications across various sectors.
STMicroelectronics has disclosed its recent share repurchase activity from December 19 to December 23, 2022. During this period, the company bought back 113,367 ordinary shares, amounting to approximately EUR 3.91 million at an average price of EUR 34.5166 per share. The repurchase aims to fulfill obligations related to employee share option programs and may also be used for other lawful purposes. Following these transactions, STMicroelectronics holds about 7.43 million treasury shares, representing 0.8% of its issued share capital.
STMicroelectronics achieved an 'A' score from CDP for its transparency in water security, recognizing the company’s commitment to sustainable practices. Out of nearly 15,000 companies evaluated, STMicroelectronics stands out for its effective management of water-related risks and reduction of its water footprint. In 2021, the company reduced water consumption per production unit by 16%, with a target of 20% reduction by 2025 compared to 2016 levels. This recognition underscores ST's dedication to environmental leadership and supporting communities.
STMicroelectronics has launched new silicon-carbide (SiC) power modules for electric vehicles (EVs), enhancing performance and driving range. Selected by Hyundai Motor Company for its E-GMP platform, these modules are designed to integrate easily into EV systems. The latest generation of STPOWER SiC MOSFETs features industry-leading energy efficiency, allowing for faster charging and improved vehicle dynamics. ST is poised to support market demands with new manufacturing capabilities expected to begin in 2023.
STMicroelectronics (NYSE: STM) and Soitec have announced an agreement to qualify Soitec's SmartSiC™ technology for future 200mm Silicon Carbide (SiC) substrate production. This collaboration aims to enhance the manufacturing processes supporting the automotive and industrial sectors, facilitating the transition to electric mobility. The 200mm wafers are expected to deliver nearly double the chip output per wafer, significantly improving efficiency and production capacity. Volume production is anticipated in the midterm, reflecting the urgency to adapt to a rapidly evolving electric vehicle market.
STMicroelectronics has launched the STWLC99, a 100-Watt wireless power receiver, marking the highest available power rating in the industry. This innovation allows rapid charging for high-end smartphones, achieving full recharge in under 30 minutes. The device is expected to enhance user experience across multiple sectors, including medical devices and industrial tools, by eliminating power cords and facilitating faster operations. Now in production, the STWLC99 is available starting at $2.50, featuring advanced safety mechanisms and compatibility with Qi standards.
STMicroelectronics has announced the results of its common share repurchase program conducted from November 21 to November 25, 2022. During this period, the company repurchased 110,645 shares at an average price of EUR 37.0375, totaling approximately EUR 4.1 million. The repurchase aims to fulfill obligations related to employee share options and is part of a broader buyback initiative approved by shareholders in May 2021. Following these transactions, STMicroelectronics holds 6,991,558 treasury shares, representing about 0.8% of its issued capital.
STMicroelectronics has achieved EMVCo certification for its STPay-Topaz-Bio biometric payment platform, streamlining time-to-market for card issuers. This platform integrates a biometric secure element and a low-power microcontroller, enhancing security and interoperability with payment systems. The biometric payment card market is forecasted to grow at over 200% CAGR through 2026. ST's secure element and microcontroller support contact and contactless transactions, making this certification a significant step for the company and its partners.
STMicroelectronics announced the details of its common share repurchase program, disclosing transactions from November 7 to 11, 2022. A total of 253,114 shares were repurchased at an average price of EUR 33.0010, totaling EUR 8,353,014.70. This buyback represents 0.03% of the company's issued share capital. The repurchase aims to meet obligations from employee share options and other allocations. Currently, STMicroelectronics holds a total of 6,766,955 treasury shares, approximately 0.7% of its total issued capital.
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