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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 and Politecnico di Milano have launched an expansion of semiconductor R&D infrastructure at the PoliFab Micro- and Nanotechnology Center. Inaugurated on December 14, 2021, this facility received advanced equipment from STMicroelectronics to enhance joint R&D in MEMS, motion control, and power electronics. The center aims to attract top talent and bolster ST's leadership in MEMS technology, with over 15 billion devices sold so far. The collaboration also includes investments in scholarships, faculty recruitment, and joint projects, marking a significant step towards establishing a premier semiconductor innovation hub in Italy.
STMicroelectronics introduces its third-generation silicon-carbide (SiC) MOSFETs, enhancing performance for electric vehicles (EV) and industrial applications. These new devices support higher energy efficiency and reliability, crucial for 800V systems in EVs, enabling longer driving ranges and faster charging. The company expects $1 billion in SiC revenue for 2024. With voltage ratings up to 1200V, the new SiC technology aims to further optimize both automotive and industrial applications, demonstrating ST's commitment to advancing semiconductor technology.
STMicroelectronics has reported the details of its common share repurchase program covering the period from November 29 to December 3, 2021. During this time, the company repurchased 125,670 shares, representing 0.01% of its issued share capital, at an average price of EUR 42.4273, totaling approximately EUR 5,331,837.65. Following these transactions, STMicroelectronics holds a total of 4,726,329 treasury shares, about 0.5% of its issued share capital. This buyback is part of a broader strategy aimed at enhancing shareholder value.
STMicroelectronics has launched Version 3 of NanoEdge™ AI Studio, enhancing machine-learning development for connected devices and industrial equipment. Key features include new algorithms for better anomaly detection, improved data management on ST development boards, and a redesigned user interface to assist developers without data-science expertise. This upgrade aims to optimize industrial processes and maintenance costs by enabling on-device AI capabilities, thereby reducing latency and improving data security. The tool is compatible with all STM32 microcontrollers.
STMicroelectronics has introduced the ST31N600 secure microcontroller, enhancing security for payment and ID cards through its advanced features. Integrating energy harvesting and the latest Arm SecurCore architecture, this microcontroller facilitates biometric authentication for contactless transactions. The device is designed for dynamic card verification (dCVV) and complies with EMV standards. Showcased at Trustech 2021, STMicroelectronics aims to lead innovations in smartcards, highlighting solutions like STPay-Topaz-Bio for secure transactions.
STMicroelectronics announced its share repurchase program, executing a total buyback of 171,899 shares (0.02% of issued capital) from Nov 22 to Nov 26, 2021. The average purchase price was EUR 43.9264, totaling EUR 7,550,896.10. Post this transaction, the company holds 4,600,659 treasury shares (approximately 0.5% of issued capital). This initiative is part of its ongoing strategy to enhance shareholder value.
STMicroelectronics (NYSE: STM) has initiated a collaboration with A*STAR's Institute of Microelectronics in Singapore focusing on silicon carbide (SiC) R&D. This partnership aims to develop a SiC ecosystem to enhance power-electronics for the electric vehicle (EV) market and industrial applications. By optimizing SiC devices and packages, the collaboration seeks to improve performance compared to traditional silicon solutions, addressing growing demands for smaller, more efficient power modules. This effort strengthens Singapore’s reputation as a hub for innovation.
STMicroelectronics N.V. disclosed details of its share repurchase program from November 15 to November 19, 2021. A total of 173,731 shares were bought back at a weighted average price of EUR 45.2793, amounting to EUR 7,866,421.49. Following these transactions, the company holds 4,428,760 treasury shares, representing approximately 0.5% of its issued share capital. The program, initially approved on May 27, 2021, aims to enhance shareholder value and reflect confidence in the company's future.
STMicroelectronics has announced changes to its Executive Committee, effective January 1, 2022. Marco Cassis will lead the Analog, MEMS, and Sensors Group while retaining corporate responsibilities. Remi El-Ouazzane, previously at Intel, is appointed President of the Microcontroller and Digital ICs Group. Lorenzo Grandi remains CFO and will lead multiple finance functions. Jerome Roux is promoted to President of Sales & Marketing. CEO Jean-Marc Chery emphasizes the importance of leadership and teamwork to enhance company value and sustainability.
STMicroelectronics has launched the STA8135GA, a groundbreaking automotive satellite-navigation chip that features the first-ever single-chip triple-band GNSS receiver designed specifically for the automotive sector. This chip enhances positioning accuracy comparable to high-end surveying instruments while offering improved reliability and cost-effectiveness. The compact design allows for superior satellite tracking even in challenging environments. AEC-Q100 qualification is expected by Q1 2022, with samples currently available.
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