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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.
Magic Information has introduced a smart-lock reference design utilizing STMicroelectronics' STM32WB55 Bluetooth microcontroller. This design features advanced AIoT fingerprint recognition, enabling quick unlocks in 0.3 seconds with low power consumption. The solution addresses key challenges in the smart-lock industry, including size and interoperability. With BLE 5.2 technology, it promises robust security for critical markets like access control and medical devices. Magic Information also offers a platform for developing innovative applications.
STMicroelectronics disclosed details of its common share repurchase program, originally approved on May 31, 2018. During the period from May 17 to May 21, 2021, the company repurchased 505,232 shares, representing 0.06% of its issued share capital. The total expenditure for these transactions was approximately EUR 14.76 million with an average purchase price of EUR 29.2107 per share. These activities aim to enhance shareholder value.
STMicroelectronics announced the acquisition of Cartesiam, a French software company specializing in edge AI development tools. This strategic move aims to bolster STMicroelectronics' AI capabilities by integrating Cartesiam's NanoEdge™ AI Studio technology into its existing STM32Cube.AI toolset. This acquisition is expected to enhance STMicroelectronics' offerings for embedded machine-learning solutions. The transaction terms remain undisclosed, and closing is subject to regulatory approvals.
STMicroelectronics received an IEEE Milestone for its innovative super-integrated silicon-gate semiconductor process technology. This technology combines analog and digital transistors on a single chip and has been instrumental in the sale of 40 billion chips across various applications, including automotive and consumer electronics. The award was presented during a ceremony at ST's Agrate plant, acknowledging the significant technical achievement dating back to 1985. The company plans to begin production of the 10th generation of this technology soon.
STMicroelectronics reported on its common share repurchase program, disclosing transactions from May 10 to May 14, 2021. A total of 559,156 shares were bought back, representing 0.06% of its issued share capital, at a weighted average price of EUR 29.2543, totaling EUR 16,357,699.36. Following these transactions, the company now holds 12,286,836 treasury shares, about 1.3% of its capital. These buybacks aim to enhance shareholder value and demonstrate confidence in future performance.
STMicroelectronics has announced its share repurchase program, disclosing the acquisition of 489,700 ordinary shares from May 3 to May 7, 2021. The total cost for this buyback was EUR 14,968,847.31, with an average purchase price of EUR 30.5674 per share. This buyback represents 0.05% of the total issued share capital, leading to a total of 11,727,680 treasury shares, or approximately 1.3% of issued capital. The program aims to enhance shareholder value.
STMicroelectronics (NYSE: STM) unveiled its new STi2GaN product family, combining Gallium Nitride (GaN) power solutions with advanced intelligence for compact systems in the electric vehicle sector. This innovative offering includes solutions for On-Board Chargers, LiDAR for autonomous driving, and DC-DC converters. Leveraging strong automotive expertise, STi2GaN aims to meet the high-power density demands of electrification. The initial products are designed for 100V and 650V power applications, promising exceptional performance and scalability.
STMicroelectronics announces the completion of its share repurchase program, acquiring 335,700 shares from April 26 to April 30, 2021. The total expenditure was approximately EUR 10.86 million, with a weighted average purchase price of EUR 32.34 per share. This buyback represents 0.04% of the company's issued share capital, increasing its treasury shares to 11,292,024, equivalent to around 1.2% of total issued shares. The program aims to enhance shareholder value.
STMicroelectronics (STM) reported Q1 2021 net revenues of $3.02 billion, marking a 35.2% increase year-over-year, but a 6.8% decline quarter-over-quarter. The gross margin improved to 39.0%, with a net income of $364 million, representing an 89.6% year-over-year increase. Free cash flow reached $261 million. For Q2 2021, STM anticipates net revenues of $2.9 billion, down sequentially but up 39% year-over-year. The FY21 revenue guidance stands at $12.1 billion, an estimated 18.4% increase from FY20.
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