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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 revealed details on its common share repurchase program, originally announced in July 2021. From April 4 to April 8, 2022, the company repurchased 268,803 shares, representing 0.03% of its issued capital, for a total of EUR 9,845,665.03 at an average price of EUR 36.6278 per share. Following this buyback, STMicroelectronics holds 6,908,663 treasury shares, equating to approximately 0.8% of its issued share capital.
CEA, Soitec, GlobalFoundries, and STMicroelectronics have announced a collaboration to develop the next generation of FD-SOI technology, vital for automotive, IoT, and mobile applications. This partnership aims to enhance performance, reduce power consumption, and facilitate better integration of features essential for modern applications. The joint initiative highlights the strategic value of FD-SOI for Europe, particularly in addressing the increasing needs in 5G/6G and digitalization, while fostering a sustainable semiconductor ecosystem.
STMicroelectronics has announced it will release its Q1 2022 earnings on April 27, 2022, before trading begins on European Stock Exchanges. The earnings report will be available on the company's website. A conference call to discuss financial results and business outlook will be held at 9:30 a.m. CET / 3:30 a.m. ET on the same day. Additionally, ST will host a Capital Markets Day webcast on May 12, 2022, showcasing future strategies and growth plans. The company continues its commitment to sustainability, aiming for carbon neutrality by 2027.
STMicroelectronics and Seong Ji Industrial have unveiled the LSM module series for sub-GHz LPWAN, integrating ST’s STM32WL microcontroller, the first of its kind to support Sigfox and LoRa technologies. This collaboration aims to optimize wireless connectivity for various applications while ensuring low power consumption and cost efficiency. The series includes models LSM100A, LSM110A, and LSM200A, designed for versatile industrial and consumer use, and certified for multiple frequency bands. The modules are available in compact sizes for easy integration.
STMicroelectronics (NYSE: STM) announced resolutions for its Annual General Meeting (AGM) on May 25, 2022. Key proposals include the adoption of the 2021 statutory annual accounts, a cash dividend of US$ 0.24 per share distributed quarterly, and the reappointment and appointment of Supervisory Board members. Additionally, the company seeks authorization for share repurchases and the issuance of new common shares. The record date for participation is April 27, 2022. The AGM will incorporate safety measures due to COVID-19, allowing remote voting options.
Wacom, STMicroelectronics, and CEVA have joined forces to enhance the digital pen experience through a new collaboration. This initiative focuses on developing a wireless sensor module that integrates advanced features like 3D gesture and motion control into digital pens. A complete reference design will assist OEMs in creating motion-sensing pens for devices such as tablets, smartphones, and interactive whiteboards. The AES Rear IMU Module enhances productivity with its natural user interface and customizable features, aiming to transform how users interact with digital devices.
STMicroelectronics (NYSE: STM) has published its IFRS 2021 Annual Report, detailing a cash dividend proposal of US$ 0.24 per share. The dividend will be distributed in quarterly installments of US$ 0.06 starting in Q2 2022 and continuing through Q1 2023. Key ex-dividend dates include June 20, 2022 for Q2 and September 19, 2022 for Q3. The report is available on their website and was filed with the Netherlands Authority for the Financial Markets. The company is committed to becoming carbon neutral by 2027.
STMicroelectronics has launched a series of economical radiation-hardened integrated circuits (ICs) for low-cost satellites in the booming 'New Space' market. The new components, designed for low-earth orbits, include nine devices such as a data converter and voltage regulator, priced from $70 to $450 for bulk orders. This product line enables more accessible earth observation and broadband services while simplifying satellite design and manufacturing. The components boast robust radiation hardness and high-quality production standards, focusing on cost efficiency for developers.
The European Investment Bank (EIB) has granted €600 million to STMicroelectronics (STM) for advancing research and development and new production lines in Europe. This funding aims to enhance the semiconductor industry's competitive edge in alignment with EU policies focused on technological sovereignty. The investment will support innovative technologies at STM's facilities in Italy and France, addressing critical challenges in environmental transition and digital transformation. Europe, while representing 10% of the global semiconductor market, aims to reclaim its share by 2030, bolstered by this EIB support.
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