STMicroelectronics N.V. - STM STOCK NEWS

Smart Eye and STMicroelectronics have partnered to develop a high-sensitivity 1-LED Driver Monitoring System (DMS) optimized for automotive applications. This collaboration combines Smart Eye's advanced driver monitoring algorithms with ST's automotive-grade global-shutter imager, achieving significant power and cost reductions. The DMS, demonstrated at AutoSens and InCabin events in Brussels, utilizes a single LED, contrasting typical systems that require multiple LEDs. This innovation aims to enhance road safety while lowering operational costs for automakers.

STMicroelectronics recently announced the completion of its common share repurchase program, detailing transactions from September 5 to September 9, 2022. During this period, 253,062 ordinary shares were bought back, representing 0.03% of issued share capital. The total cost for these repurchases was approximately EUR 8.91 million, with a weighted average purchase price of EUR 35.21 per share. Post-repurchase, the company holds a total of 4.59 million treasury shares, equating to about 0.5% of its issued capital. This initiative underscores STMicroelectronics' commitment to enhancing shareholder value.

STMicroelectronics (NYSE: STM) announced a new hybrid image sensor designed for advanced in-car monitoring, enhancing driver and passenger safety. The sensor enables functionalities like passenger safety-belt checks and vital-sign monitoring, addressing the growing demand for driver-monitoring systems (DMS), which is increasing at over 10% annually. With 5.1 megapixels and dual operation modes, the sensor promises high-quality imaging under various conditions. Mass production is set for model-year 2024 vehicles, emphasizing ST's commitment to innovation in automotive technology.

STMicroelectronics has launched the Stellar P6 automotive microcontroller, aimed at integrating advanced features for the next generation of electric vehicles. This MCU supports the new CAN-XL communication standard, enhancing data processing capabilities essential for model year 2024 vehicles. With up to 20 Mbytes of non-volatile memory and real-time performance, the Stellar P6 is set to facilitate the transition to software-defined vehicles. This MCU series targets electric drivetrains while ensuring safety and over-the-air update capabilities.

STMicroelectronics has published its IFRS 2022 Semi Annual Accounts for the six-month period ending July 2, 2022. The financial report is available on their website and has been filed with the Netherlands Authority for the Financial Markets. With a workforce of 48,000, STMicroelectronics is a leading figure in semiconductor technology, focusing on advancements in mobility, energy management, and the Internet of Things. The company aims for carbon neutrality by 2027.

STMicroelectronics has partnered with trinamiX to launch a face-authentication solution intended for smartphones. This technology will be demonstrated live at IFA 2022 in Berlin, scheduled for September 2-6. The system integrates an ST global-shutter image sensor with trinamiX's advanced algorithms, providing a secure authentication method behind OLED screens, certified for mobile payments. The collaboration aims to enhance user experiences in consumer electronics by offering compact, high-performance biometric solutions.

STMicroelectronics has disclosed details of its common share repurchase program from August 8 to August 12, 2022. During this period, the company repurchased 173,679 ordinary shares at a weighted average price of EUR 36.8721, totaling EUR 6,403,910.21. Following these buybacks, STMicroelectronics holds 3,768,290 treasury shares, representing approximately 0.4% of its issued capital. This move is part of the company’s strategy to enhance shareholder value, demonstrating confidence in its long-term growth potential.

STMicroelectronics has launched TouchGFX 4.20, enhancing graphics on STM32 microcontrollers. This version supports the new NeoChrom graphics accelerator, offering features like full-screen rotation and texture mapping. The NeoChrom accelerator boosts embedded graphics performance, making them comparable to application processors found in smartphones. Panasonic highlights how TouchGFX improves productivity and brand recognition in their home appliances. The software is available for free, streamlining user interface design.

STMicroelectronics has disclosed the status of its common share repurchase program. From August 1 to August 5, 2022, the company repurchased 169,969 shares, representing 0.02% of its capital, at an average price of EUR 37.8806, totaling EUR 6,438,527.38. Following these transactions, STMicroelectronics now holds 3,594,611 shares in treasury, equivalent to 0.4% of its issued capital. The buyback program aims to enhance shareholder value and reinforce stock price stability.