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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 (NYSE: STM) reported Q2 2021 net revenues of $2.99 billion, a 43.4% increase year-over-year, with a gross margin of 40.5% and net income of $412 million, or $0.44 per diluted share. First half revenues reached $6.01 billion, marking a 39.1% increase. The company expects Q3 revenues of $3.20 billion, driven by strong demand across product groups. Operating income surged 358.8% to $489 million, while gross profit increased 66.1%.
STMicroelectronics has achieved a significant milestone by manufacturing its first 200mm Silicon-Carbide (SiC) wafers for next-gen power devices at its Norrköping, Sweden facility. This transition enhances capacity for automotive and industrial markets, supporting their electrification efforts. The high-quality wafers exhibit minimal defects, leveraging expertise from ST's SiC ingot technology. The company aims to internally source over 40% of its SiC substrates by 2024, thereby improving manufacturing efficiency and reducing costs.
STMicroelectronics (STM) announced that its Bouskoura plant in Morocco will source 50% of its energy from renewable sources by 2022, up from 1% in 2020. This initiative is part of the company's goal to become carbon-neutral by 2027. The Bouskoura facility has implemented several renewable energy projects, including a wind farm and solar carport, which will significantly reduce CO2 emissions. The wind farm is expected to mitigate about 60,000 metric tons of CO2 annually, equivalent to planting 1,100,000 trees. STMicroelectronics aims to procure 100% renewable energy by 2027.
STMicroelectronics announced the latest transactions under its common share repurchase program from July 19 to July 23, 2021. During this period, the company repurchased 257,310 shares, representing 0.03% of its issued share capital, at a weighted average price of EUR 31.9992, totaling EUR 8,233,708.72. Following these buybacks, the company now holds 8,743,339 treasury shares, equating to approximately 1.0% of issued capital. This buyback reflects the company's commitment to enhancing shareholder value.
STMicroelectronics (NYSE: STM) has become the first semiconductor manufacturer to join Startup Autobahn as an Anchor Partner, facilitating connections between innovative startups and established automotive brands. This partnership aims to enhance investment and development opportunities in smart mobility, electrification, and connected driving technologies. ST's involvement will enable new companies to showcase their innovations while aligning with major automotive players for potential collaboration. Startup Autobahn, managed by Plug and Play, has successfully connected numerous startups with leading corporations.
STMicroelectronics (NYSE: STM) and Unilumin have collaborated to develop a new LED display using ST's ST60A2 60GHz RF transceiver, designed for high-speed, contactless data transfer. This technology enhances system reliability and reduces costs by eliminating cables and connectors. The ST60A2 supports data transmission of up to 6.25 Gbps at short distances, making it ideal for video displays and industrial applications with an extended temperature range of -40 to +105°C. This innovative solution is expected to be launched throughout 2021.
STMicroelectronics has reported on its share repurchase program for the period from July 12 to July 16, 2021. During this time, the company repurchased a total of 255,905 ordinary shares, representing 0.03% of its issued share capital, at a weighted average price of EUR 32.5979, totaling EUR 8,341,964.52. Following this transaction, STMicroelectronics holds 8,486,029 treasury shares, approximately 0.9% of its issued capital. This buyback reflects the company's commitment to enhance shareholder value and demonstrates confidence in its financial health.
STMicroelectronics has reported its common share repurchase program from July 5 to July 9, 2021, acquiring a total of 237,417 shares, representing 0.03% of its issued share capital. The total expenditure for these repurchases amounted to EUR 7,497,910.35, with a weighted average purchase price per share of EUR 31.5812. Following these transactions, the company holds 8,230,124 treasury shares, approximately 0.9% of its issued share capital. This underscores STM's commitment to enhancing shareholder value.
Qeexo and STMicroelectronics (STM) have announced the integration of ST’s machine-learning core (MLC) sensors with Qeexo AutoML. This collaboration aims to enhance the development of next-generation IoT applications by leveraging machine learning capabilities in low-power devices. The MLC sensors significantly reduce system power consumption by processing data directly at the sensor level, which enhances battery life and efficiency. This partnership supports various applications, including industrial and IoT use cases, allowing developers to deploy machine learning algorithms without burdening system resources.
STMicroelectronics announces the release date for its Q2 2021 earnings, set for July 29, 2021, prior to the opening of trading on European Stock Exchanges. A conference call will follow at 9:30 a.m. CET to discuss financial results and business outlook. Investors can access the earnings release and call via the company's website. This marks an important update for stakeholders as the company continues to engage with over 100,000 customers and is at the forefront of semiconductor technology supporting advancements in IoT and 5G.
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