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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 disclosed its common share repurchase activities from February 21 to February 25, 2022. During this period, the company repurchased a total of 251,058 ordinary shares, representing 0.03% of its issued share capital. The shares were acquired at a weighted average price of EUR 37.2453, totaling approximately EUR 9.35 million. After these transactions, STMicroelectronics holds 6,660,002 treasury shares, accounting for about 0.7% of its issued share capital.
STMicroelectronics has launched its third-generation MEMS sensors, enhancing accuracy and energy efficiency for mobile devices, smart industries, and healthcare. These sensors exceed previous limitations in output accuracy and power consumption while featuring machine learning and electrostatic sensing capabilities. The LPS22DF and LPS28DFW barometric sensors provide high precision and low power consumption, making them ideal for various applications, including wearables. These innovations align with ST's commitment to sustainability and technological advancement.
STMicroelectronics published its 2021 Annual Report on Form 20-F, filed with the U.S. SEC. The report includes complete audited financial statements based on U.S. GAAP, available at www.st.com and www.sec.gov. A hard copy can be requested from the Investor Relations Department.
STMicroelectronics has unveiled the VD55H1, the first 0.5Mpixel depth image sensor, enhancing 3D imaging capabilities for smartphones, AR/VR devices, and robotics. Utilizing proprietary indirect Time-of-Flight (iToF) technology on a 40nm stacked-wafer, it delivers high performance with low power consumption. The sensor detects objects up to five meters away and features a unique pixel architecture, significantly improving depth accuracy and noise reduction. Volume production is set for the second half of 2022, catering to emerging market applications.
STMicroelectronics has introduced its new Stellar E microcontrollers aimed at electric vehicles (EVs), designed to enhance centralized electronic architectures. These MCUs integrate control-loop processing, reducing costs and complexity in EV charging systems. The Stellar E series enables improved energy management and high efficiency for power modules, aiding in longer driving ranges and faster charging. The initial product, the Stellar SR5E1, is now sampling, with full production expected in 2023.
STMicroelectronics has announced the details of its common share repurchase program for the period from February 14 to February 18, 2022. During this period, the company repurchased 315,568 shares at an average price of EUR 39.2258, totaling approximately EUR 12.38 million. This buyback represents 0.03% of the issued share capital. Following these transactions, STMicroelectronics now holds 6,408,944 treasury shares, amounting to 0.7% of its issued capital, contributing to increased shareholder value.
STMicroelectronics has launched the Intelligent Sensor Processing Unit (ISPU), integrating AI algorithms and MEMS sensors on the same chip. This innovation reduces device size by up to 80% and enhances power efficiency, enabling local decision-making at the edge. The ISPU supports advanced applications such as activity recognition and anomaly detection, improving performance and privacy through local data processing. The proprietary DSP allows programming in C, making it accessible for many engineers.
STMicroelectronics announced a share repurchase program, where it bought back 308,846 shares (0.03% of issued capital) from February 7 to February 11, 2022. The average purchase price was EUR 39.8955, totaling EUR 12,321,577.42. Following this action, the company holds 6,093,376 treasury shares, equating to approximately 0.7% of its issued share capital. The program was approved by shareholders on May 27, 2021, and aims to enhance shareholder value.
STMicroelectronics has announced its common share repurchase program results for the period from January 31 to February 4, 2022. During this timeframe, the company repurchased 297,665 ordinary shares, representing 0.03% of its issued share capital, at an average price of EUR 40.7263, totaling EUR 12,122,787.02. Post-repurchase, STMicroelectronics holds 5,784,530 treasury shares, which is approximately 0.6% of its issued capital. The buyback program is aimed at enhancing shareholder value.
STMicroelectronics (STM) announced the execution of its common share repurchase program from January 24 to January 28, 2022. During this period, the company repurchased 227,742 shares, representing 0.02% of its issued share capital, at a weighted average price of EUR 39.8727, totaling EUR 9,080,681.92.
Following these transactions, STMicroelectronics holds a total of 5,489,104 treasury shares, which is approximately 0.6% of its issued share capital.
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