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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 (STM) has announced the status of its common share repurchase program for the period from July 29, 2024, to August 2, 2024. The company repurchased 428,000 ordinary shares, representing 0.05% of its issued share capital, at a weighted average purchase price of €30.41 per share, for a total of €13,015,490.70. The buyback was conducted on the Euronext Paris regulated market to meet obligations arising from employee share programs or allocations to management. Following these transactions, STMicroelectronics now holds 8,574,116 treasury shares, approximately 0.9% of its issued share capital.
STMicroelectronics (STM) has announced the status of its common share repurchase program for the period from July 22 to July 26, 2024. The company repurchased 331,940 ordinary shares, representing 0.04% of its issued share capital, at a weighted average purchase price of €34.5040 per share. The total cost of the buyback was €11,453,255.84. The purpose of these transactions is to meet obligations arising from share option programs or other share allocations to employees or company bodies. Following these buybacks, STMicroelectronics now holds 9,099,607 treasury shares, approximately 1.0% of its issued share capital.
STMicroelectronics (NYSE: STM) reported Q2 2024 financial results with net revenues of $3.23 billion, a 25.3% year-over-year decrease. The gross margin was 40.1%, and net income was $353 million. The company's performance was impacted by lower demand in Automotive and Industrial sectors. For Q3 2024, ST expects net revenues of $3.25 billion and a gross margin of about 38%. The company revised its FY24 revenue forecast to $13.2-$13.7 billion with an expected gross margin of about 40%. The results reflect challenges in key segments, with Microcontrollers experiencing a significant 46% revenue decline year-over-year.
STMicroelectronics (STM) has announced the status of its common share repurchase program for the period from July 15 to July 19, 2024. The company repurchased 254,850 ordinary shares, representing 0.03% of its issued share capital, at a weighted average purchase price of €38.2047 per share. The total cost of the buyback was €9,736,472.80.
The purpose of these transactions is to meet obligations arising from share option programs or other share allocations to employees or company bodies. Following these buybacks, STMicroelectronics now holds 8,767,667 treasury shares, approximately 1.0% of its issued share capital.
STMicroelectronics (STM) has announced the status of its common share repurchase program for the period from July 8 to July 12, 2024. The company repurchased 238,000 ordinary shares, representing 0.03% of its issued share capital, at a weighted average purchase price of €38.9268 per share. The total cost of the buyback was €9,264,576.38. The primary purpose of these transactions is to meet obligations arising from debt financial instruments exchangeable into equity instruments. Following these buybacks, STMicroelectronics now holds 8,512,817 treasury shares, approximately 0.9% of its issued share capital.
STMicroelectronics announced the repurchase of 223,519 ordinary shares from July 1 to July 5, 2024, as part of its common share repurchase program. The shares were bought at a weighted average price of EUR 37.5385, totaling EUR 8,390,567.52. This program, approved in May 2024, aims to meet obligations arising from debt financial instruments exchangeable into equity. The shares may be held in treasury or used for other lawful purposes. As of July 8, 2024, STMicroelectronics holds 8,274,817 treasury shares, representing about 0.9% of its issued share capital.
STMicroelectronics (NYSE: STM), a leading semiconductor company, will release its Q2 2024 earnings on July 25, 2024, before the European stock markets open.
The results will be accessible on their website, www.st.com, immediately post-release.
A conference call to discuss the financial results and business outlook will occur on July 25, 2024, at 9:30 a.m. CET / 3:30 a.m. ET.
The call will be webcast live on ST's investor website and available for replay until August 9, 2024.
STMicroelectronics has disclosed details of its common share repurchase program for the period from June 17, 2024, to June 19, 2024. During this period, the company repurchased 177,666 ordinary shares at an average price of EUR 39.7299 per share, amounting to a total of EUR 7,058,643.66. The repurchase aims to meet obligations related to debt financial instruments that are exchangeable into equity instruments. As a result, the company now holds a total of 8,052,106 treasury shares, representing approximately 0.9% of its issued share capital. Further details of individual trades can be found on the company's website.
STMicroelectronics has announced the completion of its 2021 share buy-back program, totaling $1,040 million or 24,880,267 shares repurchased. The average purchase price was €38.67 per share. STMicroelectronics will hold these shares as treasury stock to meet obligations related to employee stock award plans and convertible bonds.
STMicroelectronics also launched a new $1,100 million share buy-back plan over three years, subject to annual shareholder approval. This plan comprises two programs to meet obligations for employee stock awards and convertible bonds. The minimum share price for buy-backs is set at €1.04, with a maximum price of 110% of the highest price over the last five trading days prior to purchase.
The company will appoint brokers to execute the buy-backs, compliant with applicable regulations and market conditions.
STMicroelectronics (NYSE: STM), a global semiconductor leader, has launched the ST Edge AI Suite. This comprehensive suite integrates tools, software, and resources to streamline the development and deployment of embedded AI applications. It supports a broad range of ST products, including smart sensors and the upcoming STM32N6 microcontrollers. Key features include the ST Edge AI Model Zoo, Developer Cloud, NanoEdge AI Studio, and MEMS Studio, usable free of charge. The suite simplifies AI model optimization and code generation, significantly aiding developers from various fields. Early adopters, including Honeywell, Soxai, and HPE Group, have reported enhanced efficiencies and product performance due to the suite.
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