STMicroelectronics N.V. - STM STOCK NEWS

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.

STMicroelectronics has partnered with Feig Electronic to develop an innovative contactless solution aimed at enhancing logistics processes. This technology utilizes NFC and allows for efficient personalization of palletized goods within a 1m x 1m x 1m readable area, significantly improving supply chain flexibility. By employing ST25DV dynamic tags, the system eliminates the need for manual programming, thereby reducing costs and time in product setup. This collaboration is designed to improve productivity in sectors such as smart manufacturing and medical devices.

STMicroelectronics has announced a new share buy-back program of up to $1,040 million over three years, pending shareholder and regulatory approvals. This initiative aims to buy back approximately 28.6 million shares, equating to about 3.1% of its issued capital, based on a closing price of $36.38 on the NYSE. Shares will be purchased to support employee stock plans and settle outstanding convertible bonds. The program's execution will depend on market conditions and regulatory compliance.

STMicroelectronics has partnered with Eyeris to enhance in-cabin monitoring systems in vehicles using advanced sensor technology. This collaboration combines ST's 2.3 Megapixel VG5761 Global-Shutter sensor with Eyeris' AI-driven Deep Neural Networks to improve safety features such as Driver Monitoring and Occupant Monitoring Systems. The sensor operates effectively in diverse lighting conditions and can accurately track driver behavior and passenger positions. This initiative aims to bolster automotive safety and comfort, showcasing ST's commitment to innovation in e-mobility.