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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) has released its Annual Report on Form 20-F for the year ending December 31, 2020, filed with the SEC. The report includes comprehensive audited financial statements according to U.S. GAAP and is accessible on www.st.com and www.sec.gov. Investors can request a hard copy free of charge from the Investor Relations department. The company emphasizes its leadership in semiconductor technologies and commitment to sustainability and innovative solutions across electronics applications.
STMicroelectronics has launched the STPay-Mobile platform, enhancing virtual ticketing and payments for smartphones and wearables. This service integrates with the ST54 secure SoC for secure transactions, facilitating contactless payment solutions. The first application targets public transit via Snowball’s OnBoard™ platform, already adopted by 50 agencies in over 125 cities, impacting 680 million users. STPay-Mobile will soon achieve certification for Mastercard and Visa, promoting widespread payment virtualization for transit agencies without overhauling existing infrastructures.
STMicroelectronics has disclosed its recent share repurchase activities for the period from February 15 to February 19, 2021, under its approved repurchase program. A total of 275,009 shares were repurchased at an average price of EUR 34.9779, amounting to EUR 9,619,233.50. This repurchase represents 0.03% of the company’s issued share capital, bringing total treasury shares to 8,130,204, or approximately 0.9% of issued capital. The program aims to enhance shareholder value and reflects the company’s confidence in its financial position.
STMicroelectronics has announced the repurchase of 284,157 ordinary shares between February 8 and February 12, 2021, at an average price of EUR 34.4650, totaling EUR 9,793,461.50. This buyback program, aimed at enhancing shareholder value, follows previous approvals from shareholders and the supervisory board. After this transaction, the company holds 7,855,195 treasury shares, equating to 0.9% of its issued share capital. The ongoing buyback reflects STMicroelectronics' commitment to returning capital to shareholders and confidence in its future financial performance.
STMicroelectronics has disclosed its common share repurchase program transactions conducted from February 1 to February 5, 2021. During this period, the company repurchased 308,508 ordinary shares, which is approximately 0.03% of its issued share capital, at an average price of EUR 33.8283, totaling EUR 10,436,294.24. Following these transactions, STMicroelectronics holds 7,586,100 treasury shares, representing around 0.8% of its issued share capital. This buyback is aimed at enhancing shareholder value.
STMicroelectronics has announced details of its recent common share repurchase program, covering the period from January 25 to January 29, 2021. A total of 421,728 shares were repurchased, representing 0.05% of its issued share capital, at a weighted average price of EUR 32.8134, amounting to EUR 13,838,327.49. Following these transactions, the company holds 7,277,592 treasury shares, approximately 0.8% of its issued share capital. This buyback reflects STMicroelectronics' commitment to enhancing shareholder value.
STMicroelectronics (STM) has partnered with DSP Concepts to launch four new high-performance audio front ends called TalkTo, optimized for Alexa Voice Service. These designs facilitate the integration of voice features in various devices, including wearables and kiosks. Utilizing the energy-efficient STM32 MCU family, the solutions support advanced features like far-field audio capture and natural-language understanding. The reference design is AWS-certified, promoting cost-effective product development for OEMs while meeting market demand for high-quality voice interaction.
STMicroelectronics has announced the acquisition of SOMOS Semiconductor, a fabless company specializing in silicon-based power amplifiers and RF Front-End Modules for cellular IoT and 5G markets. This acquisition, aimed at enhancing ST's connectivity solutions, is expected to strengthen its capabilities in the RF Front-End Module sector. A new product, an NB-IoT/CAT-M1 module, is already in qualification, signaling a robust roadmap ahead. The financial terms of the acquisition were not disclosed.
STMicroelectronics has launched the LaSAR Alliance, aimed at accelerating the development of Augmented Reality (AR) smart glasses. Collaborating with industry leaders like Applied Materials, Dispelix, Osram, and Mega1, the alliance focuses on overcoming technical challenges to create lightweight, all-day wearable smart glasses with high performance and low power requirements. The initiative leverages ST's expertise in MEMS micro-actuation and BCD process technologies to enhance the integration of essential components for AR applications.
STMicroelectronics (NYSE: STM) reported preliminary Q320 net revenues of $2.67 billion, exceeding its prior guidance of $2.45 billion and rising by 27.8% sequentially. This performance reflects significantly improved market conditions, driven by increased demand in Automotive products and Microcontrollers. The company now anticipates FY20 revenues to surpass $9.65 billion. Further financial details will be disclosed in the earnings call scheduled for October 22, 2020.
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