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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 (NYSE: STM) showcased innovative technologies at electronica 2022, held from November 15-18 in Munich, Germany. The focus was on smarter mobility, energy efficiency, and industrial applications. Key highlights included advanced electrification solutions for electric vehicles, demonstrations of energy-saving technologies, and Industrial AI systems for factory automation. ST presented over 35 demos, illustrating their commitment to enhancing performance, safety, and connectivity across various sectors.
STMicroelectronics has partnered with Thales to enhance contactless functionality in the Google Pixel 7 smartphone using the ST54K single-chip NFC controller and secure element. This collaboration ensures superior performance for embedded SIM, transit ticketing, and digital car key applications. The ST54K, recognized for its low power consumption and robust security (CC EAL5+ certified), simplifies device design while supporting essential NFC functionalities. Launched on October 7, the Pixel 7 integrates this technology for enhanced user experience and security in contactless transactions.
STMicroelectronics (NYSE: STM) announced its Q3 2022 financial results, reporting net revenues of $4.32 billion, a gross margin of 47.6%, and an operating margin of 29.4%. The company achieved net income of $1.10 billion or $1.16 per diluted share, marking a 35.2% year-over-year revenue increase. Year-to-date figures show net revenues of $11.70 billion and net income of $2.71 billion. Looking ahead, STM projects Q4 net revenues of $4.40 billion and expects a gross margin of 47.3%.
STMicroelectronics has launched the STM32WB5MMGH6 wireless module, targeting Industry 4.0 applications. This module enhances industrial productivity while minimizing waste and pollution. It integrates essential components, simplifying development for IoT applications, and supports protocols like Bluetooth LE 5.3 and Zigbee 3.0. Lead customer I-care Group utilizes this technology for predictive maintenance, claiming it can prevent over 99% of industrial breakdowns. The module is available for $6 for large orders and supported by a 10-year product longevity commitment.
STMicroelectronics announced the completion of share repurchases from October 3 to October 7, 2022.
A total of 252,682 shares were bought back, representing 0.03% of its issued capital, at a weighted average price of EUR 33.7456, totaling EUR 8,526,896.92.
After these transactions, the company holds 5,247,409 treasury shares, accounting for approximately 0.6% of issued capital.
STMicroelectronics has announced the timing for its third quarter 2022 earnings release, scheduled for October 27, 2022, before trading opens on the European Stock Exchanges. A conference call with analysts and investors will follow at 9:30 a.m. CET / 3:30 a.m. ET the same day. The earnings report and live webcast of the call will be available on the Company's website. STMicroelectronics is committed to sustainability, aiming for carbon neutrality by 2027, supporting various sectors, including mobility and energy management.
Software République unveiled the Mobilize Powerbox®, a secure and connected charging station for electric vehicles (EVs) at the 2022 Paris Motor Show, held on October 6, 2022. This innovative technology aims to enhance access to charging, manage electricity networks intelligently, and address cybersecurity risks. The charging station, ranging from 7 to 22 kW, combines expertise from Orange, Renault, STMicroelectronics, and Thales. The product will be marketed in 2023, aiming to support renewable energy use and promote ecological transition.
STMicroelectronics announced plans to build the first integrated Silicon Carbide (SiC) substrate manufacturing facility in Europe, located in Catania, Italy. This facility aims to meet the rising demand for SiC devices in automotive and industrial sectors as companies transition to electrification. The investment of €730 million over five years, supported by the Italian government, will create around 700 jobs. Production is expected to start in 2023, enhancing ST’s vertical integration strategy and supporting its goal of 40% internal substrate sourcing by 2024.
STMicroelectronics has introduced the AIS25BA, an advanced automotive MEMS accelerometer designed for road noise cancellation in electric vehicles (EVs). This sensor enhances in-cabin comfort by actively measuring and eliminating road noise through noise-cancelling techniques. With the lowest electrical noise in its class, the AIS25BA achieves superior accuracy in vibration control. It features a fast response time, low latency of 266µs, and a wide frequency response, making it ideal for modern vehicles. Priced at $3.90 for 1000 pieces, the AIS25BA is compliant with AEC-Q100 and available now.
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