STMicroelectronics acquires Edge AI software specialist Cartesiam

Rhea-AI Summary

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.

Positive

• Acquisition strengthens STMicroelectronics' AI technology portfolio.
• Integration of Cartesiam's NanoEdge™ AI Studio enhances STM32Cube.AI toolset.
• Expected to improve offerings for embedded machine-learning solutions.

Negative

• None.

STMicroelectronics acquires Edge AI software specialist Cartesiam

Geneva, Switzerland May 19, 2021 - STMicroelectronics (NYSE:STM), a global semiconductor leader serving customers across the spectrum of electronics applications, today announced a transaction with Cartesiam to acquire its assets (including its IP portfolio) and to transfer and integrate its employees. Closing is subject to regulatory approvals.

Cartesiam, based in Toulon (France), is a software company founded in 2016, which specializes in artificial intelligence (AI) development tools enabling machine-learning and inferencing on Arm®-based microcontrollers, which today power billions of devices. Its team includes data scientists and embedded signal processing experts, with significant experience in delivering standard and custom solutions. Its flagship and patented solution, NanoEdge™ AI Studio, allows embedded systems designers without prior knowledge in AI to rapidly develop specialized libraries integrating machine-learning algorithms directly into a broad range of applications. Devices leveraging Cartesiam’s technology are already in production around the world included inside connected devices, household appliances, and industrial machines.

With this acquisition, STMicroelectronics reinforces its AI strategy and strengthens its technology portfolio to address the full spectrum of embedded machine-learning needs. The NanoEdge™ AI Studio solution is fully complementary to STMicroelectronics' STM32Cube.AI toolset and will provide STMicroelectronics' customers with additional flexibility to integrate machine-learning into their solution.

"Using artificial intelligence to create ever smarter solutions is one of the priorities of our customers regardless of their size or industry,” said Claude Dardanne, President, Microcontrollers and Digital ICs Group, at STMicroelectronics. “With STM32Cube.AI, STMicroelectronics already offers the ability to map and run pre-trained artificial neural networks on our broad portfolio of STM32 microcontrollers. The addition of Cartesiam’s machine learning technology to STMicroelectronics' existing solutions will provide the best edge-AI solution portfolio on the market for any customer looking to bring additional innovation to their offering."

The terms of the transaction were not disclosed.

Additional information is available on the ST website.

Customers can reach out to edge.ai@st.com.

STM32 is a registered and/or unregistered trademark of STMicroelectronics International NV or its affiliates in the EU and/or elsewhere. In particular, STM32 is registered in the US Patent and Trademark Office.

About STMicroelectronics
At ST, we are 46,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An independent device manufacturer, we work with more than 100,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of the Internet of Things and 5G technology. Further information can be found at www.st.com.

For further information, please contact:

INVESTOR RELATIONS:
Céline Berthier
Group VP, Investor Relations
Tel : +41.22.929.58.12
Celine.berthier@st.com

MEDIA RELATIONS:
Alexis Breton
Corporate External Communications
Tel: + 33.6.59.16.79.08
alexis.breton@st.com

Attachment

• C3003C -- Acquisition of Cartesiam_19april2021

FAQ

What is the purpose of STMicroelectronics acquiring Cartesiam?

The acquisition aims to enhance STMicroelectronics' AI capabilities and expand its technology portfolio for embedded machine-learning solutions.

What technology does Cartesiam specialize in?

Cartesiam specializes in edge AI development tools, particularly its flagship NanoEdge™ AI Studio for machine-learning on Arm-based microcontrollers.

What is the expected impact of the Cartesiam acquisition on STMicroelectronics?

The acquisition is expected to provide STMicroelectronics' customers with better integration of machine-learning into their offerings, strengthening its market position.

When was the acquisition of Cartesiam announced?

The acquisition was announced on May 19, 2021.

What are the terms of the Cartesiam acquisition?

The terms of the transaction have not been disclosed and are subject to regulatory approvals.