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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 unveiled its fourth generation STPOWER silicon carbide (SiC) MOSFET technology, optimized for electric vehicle (EV) traction inverters. The new technology offers improved power efficiency, power density, and robustness, with plans to introduce multiple SiC innovations through 2027. The Generation 4 technology will be available in 750V and 1200V classes, bringing SiC advantages to mid-size and compact EVs.
Key features include:
- Smaller die size (12-15% reduction compared to Generation 3)
- Lower on-resistance (RDS(on))
- Faster switching speeds
- Enhanced robustness in Dynamic Reverse Bias conditions
ST aims to complete qualification of the 1200V class in Q1 2025, with commercial availability to follow. The technology is also suitable for high-power industrial applications, including solar inverters, energy storage, and datacenters.
STMicroelectronics (STM) has announced the status of its common share repurchase program for the period from August 26 to August 30, 2024. The company repurchased 69,670 ordinary shares, representing 0.01% of its issued share capital, at a weighted average purchase price of €28.0277 per share, for a total of €1,952,689.86. The buyback was executed on the Euronext Paris regulated market.
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 9,735,586 treasury shares, approximately 1.1% of its issued share capital. The repurchase program was approved by shareholders on May 22, 2024, and by the supervisory board.
STMicroelectronics (NYSE:STM) has joined Quintauris GmbH as its sixth shareholder, alongside Robert Bosch GmbH, Infineon Technologies AG, Nordic Semiconductor ASA, NXP Semiconductors, and Qualcomm Technologies, Inc. Quintauris, founded in December 2023, aims to advance the adoption of products based on RISC-V principles, an open-standard Instruction Set Architecture.
The company will provide access to reference architectures and assist in creating versatile, cross-industry solutions. Initially focusing on the automotive sector, Quintauris plans to expand into mobile and IoT applications. This collaboration among major semiconductor companies seeks to explore and unlock the potential of RISC-V across various industries.
STMicroelectronics (STM) has announced the status of its common share repurchase program for the period from August 19 to August 23, 2024. The company repurchased 353,300 ordinary shares, representing 0.04% of its issued share capital, at a weighted average purchase price of €28.0536 per share. The total cost of the buyback was €9,911,340.88. 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 9,665,916 treasury shares, approximately 1.1% of its issued share capital.
STMicroelectronics (NYSE: STM), a global semiconductor leader, has published its IFRS 2024 Semi Annual Accounts for the six-month period ended June 29, 2024. The accounts, prepared in accordance with International Financial Reporting Standards (IFRS-EU), have been filed with the Netherlands Authority for the Financial Markets (AFM) and are now available on both the company's website (www.st.com) and the AFM's website (www.afm.nl). This publication provides investors and stakeholders with important financial information about STMicroelectronics' performance for the first half of 2024, allowing for a comprehensive analysis of the company's financial position and operational results.
STMicroelectronics (STM) has announced the status of its common share repurchase program for the period from August 12 to August 16, 2024. The company repurchased 365,500 ordinary shares, representing 0.04% of its issued share capital, at a weighted average purchase price of €27.1513 per share. The total cost of the buyback was €9,923,788.50. 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 9,312,616 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 August 5 to August 9, 2024. The company repurchased 373,000 ordinary shares, representing 0.04% of its issued share capital, at a weighted average purchase price of €26.6520 per share, for a total of €9,941,210.60. 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 8,947,116 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 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.
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