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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 share repurchase program, covering a period from Nov 8 to Nov 12, 2021. The company repurchased 216,792 shares, representing 0.02% of issued capital, at a total cost of EUR 9,588,403.55. The weighted average purchase price was EUR 44.2286 per share. Currently, STMicroelectronics holds 4,255,029 treasury shares, accounting for approximately 0.5% of its capital. This program aims to enhance shareholder value and reflects the company's commitment to managing its capital effectively.
STMicroelectronics has reported the execution of its common share repurchase program, disclosing the purchase of 215,551 ordinary shares from November 1 to November 5, 2021. The total amount spent on these shares was €9,127,607.49, with a weighted average price of €42.3455 per share. Following these repurchases, the company holds a total of 4,038,237 treasury shares, accounting for approximately 0.4% of its issued share capital. This program aims to enhance shareholder value and reflects the company's ongoing commitment to returning capital to its investors.
The University of Catania and STMicroelectronics (NYSE: STM) have signed a framework agreement to enhance education and research in power electronics. Announced on November 4, 2021, this collaboration aims to develop multidisciplinary courses and coordinate research projects, focusing on improving efficiency and reducing costs in power management systems. Key areas include new device applications, reliability analysis, and manufacturing process simulation. This strategic alliance underscores ST's commitment to promoting STEM education and fostering innovation in sustainable technology.
STMicroelectronics has disclosed the status of its common share repurchase program for the period from October 25 to October 29, 2021. The company repurchased 211,043 shares, amounting to EUR 8,287,385.61 at an average price of EUR 39.2687 per share. This buyback is part of a broader initiative approved by shareholders in May 2021. Following these transactions, STMicroelectronics now holds a total of 3,827,194 treasury shares, representing approximately 0.4% of its issued share capital.
STMicroelectronics (NYSE: STM) reported Q3 2021 revenues of $3.20 billion, representing a 19.9% year-over-year increase. The company achieved a gross margin of 41.6% and net income of $474 million, or $0.51 per share. Year-to-date, revenues totaled $9.20 billion. Q4 guidance expects revenues of $3.40 billion and a gross margin of 43.0%. The growth was driven by strong demand in Personal Electronics, despite challenges in the Automotive segment due to pandemic-related impacts on manufacturing.
STMicroelectronics announced the completion of its common share repurchase program from October 18 to October 22, 2021, buying back 213,514 shares at an average price of EUR 37.0671, totaling EUR 7,914,349.67. This buyback represents 0.02% of its issued share capital, with the company now holding 3,616,151 treasury shares, or approximately 0.4% of its issued capital. The program aims to enhance shareholder value while complying with market regulations.
STMicroelectronics has announced the details of its common share repurchase program conducted between October 11 and October 15, 2021. During this period, the company repurchased 224,917 ordinary shares, amounting to 0.02% of its issued share capital, at a weighted average price of EUR 35.9514. The total expenditure for these buybacks was approximately EUR 8.1 million. Following this, STMicroelectronics now holds 3,402,637 treasury shares, representing around 0.4% of its issued share capital, which may enhance shareholder value.
STMicroelectronics (NYSE: STM) partners with Sierra Wireless to enhance IoT solutions. This collaboration combines the energy-efficient STM32 microcontrollers with Sierra's global cellular connectivity, aiming to streamline the development and deployment of IoT devices. By addressing challenges such as device design, network enrollment, and cloud connectivity, the partnership accelerates time-to-market for IoT applications. The STM32 MCU family offers over 1000 variants, ensuring robust security and efficiency for diverse IoT needs.
STMicroelectronics (STM) reported the execution of its common share repurchase program during the period from October 4 to October 8, 2021. The company repurchased a total of 213,678 shares, accounting for 0.02% of its issued capital, at a weighted average price of EUR 36.4350, totaling EUR 7,785,354.38. Following these transactions, STM holds 3,177,720 treasury shares, representing approximately 0.3% of its issued share capital. Detailed information on these trades is available on the company’s investor relations website.
STMicroelectronics and Rosenberger have announced a collaboration to develop a groundbreaking contactless connector for high-speed data transmission, utilizing 60GHz wireless technology. The device, known as RoProxCon, enables full-duplex data exchanges at up to 6.25 Gbps, immune to vibration and contaminants. This innovative solution targets medical and industrial applications, enhancing connectivity without physical connections. The ST60A2 transceiver has a low power consumption of 70mW and operates in extreme temperatures, presenting new opportunities for various high-bandwidth applications.
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