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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 partnered with Semikron to integrate silicon-carbide (SiC) power technology in electric vehicle (EV) drives. This collaboration has culminated in a billion-Euro order for Semikron's eMPack power-module family, set to begin deliveries in 2025. The collaboration focuses on enhancing efficiency and performance in EV traction drives, as SiC technology becomes preferred in the automotive sector. ST's third-generation SiC technology will significantly impact sustainability in energy and industrial applications.
STMicroelectronics has announced its share repurchase program status, revealing the acquisition of 249,929 shares from May 2 to May 6, 2022, amounting to EUR 8,821,510.73 at an average price of EUR 35.2961 per share. This buyback represents 0.03% of its issued share capital. Following these transactions, the company now holds 7,793,220 treasury shares, which is approximately 0.9% of the capital. This buyback initiative aims to enhance shareholder value.
STMicroelectronics has launched its second-generation global-shutter image sensor designed for driver-monitoring systems (DMSs), enhancing vehicle safety by detecting drowsiness and distraction. The new sensor, VB56G4A, benefits from advanced 3D-chip technology, providing improved sensitivity, compactness, and cost efficiency, addressing upcoming legislation mandating DMS in new vehicles. Mass production is set for early 2023. The sensor operates at 60 fps with a typical power consumption of 145mW, offering features like automatic dark calibration and pixel correction.
STMicroelectronics N.V. disclosed its share repurchase program details for the period from April 25 to April 29, 2022. During this time, the company bought back a total of 242,330 ordinary shares, representing 0.03% of its issued share capital, at an average price of EUR 35.4251, amounting to a total expenditure of EUR 8,584,554.53. Following this repurchase, STMicroelectronics now holds 7,543,291 treasury shares, approximately 0.8% of its issued capital. The program aims to enhance shareholder value.
NP Plastibell has introduced a groundbreaking pre-filled connected syringe featuring NFC technology from STMicroelectronics (NYSE: STM). This innovative device allows access to critical information regarding medicine legitimacy, manufacturing history, and usage recommendations. Unveiled at Pharmapack in Paris, it addresses challenges in the manufacturing process, ensuring the NFC tag withstands sterilization up to 130°C. Both companies aim to expand this technology into other medical devices, enhancing patient care and information accessibility.
STMicroelectronics (STM) reported Q1 2022 net revenues of $3.55 billion, surpassing the mid-point of its expectations, with a gross margin of 46.7% and net income of $747 million, showing significant year-over-year growth. The company cited strong demand for microcontrollers as a key driver, despite production challenges at its Shenzhen facility. Looking ahead, STM anticipates Q2 revenues of $3.75 billion, a 25.3% increase year-over-year. However, gross margin is projected to decline slightly to 46.0%.
STMicroelectronics has launched the STGesture™ recognition solution, allowing touchless controls for various applications. This system utilizes the VL53L5CX time-of-flight sensor and a dedicated software package to enable low-power gesture sensing. It ensures user privacy by eliminating the need for cameras and operates effectively in low-light conditions. The solution targets consumer and industrial markets, offering affordability and ease of integration, with initial pricing from $3.90 for 1000-piece orders.
STMicroelectronics has announced the completion of its common share repurchase program for the period from April 19 to April 22, 2022. A total of 190,739 ordinary shares were repurchased, representing 0.02% of its issued share capital, with an overall expenditure of EUR 6,753,883.05 at a weighted average price of EUR 35.4090 per share. Following this buyback, the company now holds 7,300,961 treasury shares, accounting for approximately 0.8% of its issued stock. This program aims to enhance shareholder value.
STMicroelectronics has disclosed its latest share repurchase activities conducted between April 11 and April 14, 2022. The company repurchased a total of 201,559 ordinary shares, representing 0.02% of its issued capital, at a weighted average price of €34.6420, totaling approximately €6.98 million. Following this buyback, ST holds a total of 7,110,222 treasury shares, equivalent to about 0.8% of its total issued shares, enhancing shareholder value. The repurchase program reflects STMicroelectronics' commitment to return value to its shareholders and strengthen its capital structure.
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