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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 revealed details of its common share repurchase program, active from April 6 to April 9, 2021. During this period, the company repurchased 317,677 shares, accounting for 0.03% of its issued share capital, at an average price of EUR 33.1388, totaling EUR 10,527,424.97. Following these transactions, the company now retains 10,128,211 treasury shares, representing approximately 1.1% of its issued capital. The buyback program aims to enhance shareholder value.
STMicroelectronics announced its first quarter 2021 earnings release scheduled for April 29, 2021, before the European stock exchanges open. Following this, the company will hold a conference call with analysts and investors to discuss the results and business outlook at 9:30 a.m. CET / 3:30 a.m. ET. Interested parties can access the live webcast on the company’s website, with a replay available until May 14, 2021.
STMicroelectronics (STM) and OQmented have announced a collaboration to develop, manufacture, and market MEMS mirror-based laser-beam scanning (LBS) solutions. This partnership aims to enhance the technology for Augmented Reality and 3D sensing markets by leveraging ST's MEMS manufacturing expertise and OQmented's patented Bubble MEMS® technology. The collaboration targets increased production capacity and improved product offerings, potentially expanding market applications significantly.
STMicroelectronics (NYSE: STM) has announced the resolutions for its Annual General Meeting (AGM) scheduled for May 27, 2021, in Schiphol, Netherlands. Key proposals include the adoption of statutory annual accounts for 2020, a cash dividend of US$ 0.24 per share distributed quarterly, and the reappointment of board members. Additionally, a new 3-year Unvested Stock Award Plan for management is proposed. The record date for participating shareholders is April 29, 2021. Precautionary measures will be implemented due to COVID-19, encouraging shareholders to vote online or via proxy.
STMicroelectronics has disclosed details of its common share repurchase program, originally approved in May 2018. During the period from March 15 to March 19, 2021, the company repurchased 275,731 ordinary shares, amounting to approximately EUR 8.39 million at an average price of EUR 30.43 per share. Following these buybacks, STMicroelectronics holds a total of 9,822,188 treasury shares, representing about 1.1% of its issued share capital. This program aims to enhance shareholder value and demonstrates the company's confidence in its financial health.
STMicroelectronics has collaborated with Intel to develop a cutting-edge MEMS micro-mirror technology for the Intel® RealSense™ LiDAR Camera L515. This high-resolution camera, measuring just 61mm in diameter and 26mm in height, is designed for industrial applications, delivering efficient 3D scanning with a field of view of 70° by 55° and 30 frames per second. The innovative micro-mirror enhances scanning capabilities, providing exceptional depth accuracy and minimal pixel blur, making it suitable for diverse uses in robotics, logistics, and 3D scanning.
STMicroelectronics has reported the execution of its common share repurchase program from March 1 to March 5, 2021. During this period, the company repurchased 492,595 ordinary shares, representing 0.05% of its issued share capital, at a weighted average price of EUR 30.3456, totaling EUR 14,948,086.39. Following these transactions, STM now holds a total of 9,008,745 treasury shares, or approximately 1.0% of its issued capital. This buyback is intended to enhance shareholder value.
STMicroelectronics announces a significant 20-year longevity extension for its popular SPC56 automotive microcontrollers, ensuring their availability until at least 2034. This decision supports ongoing customer applications in critical automotive sectors such as powertrain, chassis, and body electronics. The SPC56 series offers versatile performance options and is designed for safety-critical applications, with built-in features for enhanced reliability. This commitment strengthens STMicroelectronics' role in driving automotive innovation amidst rising electrification and smart driving trends.
STMicroelectronics has enhanced its support for smart connected devices by releasing new STM32Cube Expansion Packages for Microsoft Azure RTOS projects on STM32 MCUs. The new software packs streamline product design, offering additional code examples to mitigate engineering challenges and accelerate time to market. The first package, X-CUBE-AZRTOS-H7, specifically targets ST's STM32H7 microcontrollers, characterized by superior performance and robust security features. These resources are available for free download, supporting developers in creating efficient smart applications.
STMicroelectronics has announced the details of its recent common share repurchase program, revealing a total acquisition of 388,291 ordinary shares between February 22 and February 26, 2021. The shares were repurchased at a weighted average price of EUR 32.7865, totaling approximately EUR 12.73 million. Following these transactions, the company now holds a total of 8,518,495 treasury shares, equivalent to 0.9% of its issued share capital. This strategic move reflects STMicroelectronics' commitment to enhancing shareholder value.
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