STMicroelectronics N.V. - STM STOCK NEWS

STMicroelectronics has unveiled the ST-ONE power-supply controller, which aims to enhance energy efficiency in consumer electronics. This innovative chip can potentially save 93 terawatt-hours of energy globally, reducing the carbon footprint and plastic usage significantly. It pairs with MasterGaN technology, achieving the highest power density for a USB-C charger. The ST-ONE integrates multiple functions into one package, simplifying design and production. Priced from $3.70 for orders of 1,000 units, it is now in production and showcased at the Embedded World exhibition in Germany.

STMicroelectronics has disclosed its common share repurchase program, covering June 13-17, 2022. During this period, the company bought back 200,938 ordinary shares, representing 0.02% of its issued share capital, at a weighted average price of EUR 32.5769, totaling EUR 6,545,932.11. After these transactions, STMicroelectronics now holds a total of 5,396,469 treasury shares, approximately 0.6% of its issued capital. The buyback aims to enhance shareholder value and reflects the company's commitment to optimize its capital structure.

STMicroelectronics announced the launch of ISM330ISN, a new inertial sensor with an intelligent sensor processing unit (ISPU) designed for AI training. This sensor, ideal for IoT and industrial applications, features a 50% smaller footprint and 50% less power consumption than typical co-packaged microcontrollers. The ISPU allows for advanced motion detection and machine learning capabilities directly within the sensor. Priced at $3.48 for bulk orders, the ISM330ISN is set to enter production in H2 2022 and is part of ST's 10-year longevity program, ensuring long-term availability.

STMicroelectronics has introduced a new In-Vehicle system-on-chip solution for Secure Car Access, compliant with the Car Connectivity Consortium (CCC) Release 3. This solution integrates the ST33K-A secure IC and G+D Digital Key applet, enhancing car-user convenience and security. It supports customizable usage privileges, benefiting car sharing, fleet management, and vehicle rental. The system ensures high security, leveraging ST's automotive-grade hardware to facilitate market adoption of digital keys for connected vehicles.

STMicroelectronics has provided an update on its common share repurchase program, originally announced on July 1, 2021. Over the period from June 6, 2022 to June 10, 2022, the company repurchased 93,439 ordinary shares at an average price of EUR 35.7598, totaling EUR 3,341,359.30. This buyback represents 0.01% of STMicroelectronics' issued share capital. Following these transactions, the company holds a total of 5,195,531 treasury shares, about 0.6% of its issued capital.

STMicroelectronics has partnered with Sensory to advance the development of embedded voice control via the STM32Cube software ecosystem. This collaboration aims to facilitate the creation of intuitive voice-based user interfaces for wearables and IoT devices. The integration of STM32 microcontrollers with Sensory's VoiceHub technology allows developers to construct custom speech-recognition models efficiently. This solution is set to enhance user experience in smart home applications while reducing development time and costs.

Metalenz and STMicroelectronics have launched the world's first optical metasurface technology for consumer electronics, with the VL53L8 dToF sensor being the debut product. This technology replaces traditional lenses with planar metasurfaces, offering reduced size, weight, and cost while enhancing performance in applications like smartphones and automotive devices. Metalenz's technology integrates directly with ST’s established manufacturing capabilities, making it available to millions of consumers starting this year. The partnership is set to revolutionize 3D sensing and optical applications.

STMicroelectronics (NYSE: STM) has launched its 2nd-generation multi-zone direct Time-of-Flight (dToF) sensor, the VL53L8 Flight Sense, which presents enhancements in power efficiency and ranging performance. The sensor can reach up to 4 meters in all zones indoors while halving power consumption compared to its predecessor. Designed for smartphones, smart speakers, and AR/VR applications, it utilizes advanced metasurface lens technology and improved processing capabilities. The VL53L8 has entered mass production for select customers as of June 9, 2022.

STMicroelectronics announced its recent share repurchase activity, acquiring 50,466 ordinary shares from May 30 to June 3, 2022. This transaction cost EUR 1,911,566.29, with an average price of EUR 37.8783 per share. Following this buyback, STMicroelectronics holds a total of 5,102,092 treasury shares, accounting for approximately 0.6% of its issued share capital. This repurchase aligns with the company's ongoing strategy to enhance shareholder value.