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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 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.
STMicroelectronics has unveiled the STM32U5 microcontrollers, designed for ultra-low power consumption, utilizing a 40nm process technology. This new series targets demanding applications like wearables and industrial sensors, featuring advanced cybersecurity and performance enhancements. The STM32U5 MCUs incorporate the Arm Cortex-M33 core and have sold over two billion units globally. The series starts at $3.60 and will see full production in September 2021, with lead customers already sampling the product.
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.
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