Stmicro Stock Price, News & Analysis

STMicroelectronics (NYSE: STM) announced plans to build the world's first fully integrated silicon carbide (SiC) facility in Catania, Italy. The project involves a 5 billion euro investment, with 2 billion euros supported by the State of Italy under the EU Chips Act. This new 200mm SiC manufacturing facility will include all production stages from R&D to packaging and aims to support automotive and industrial electrification needs. The facility will start production in 2026 and reach full capacity by 2033, producing up to 15,000 wafers per week. The SiC Campus aims to enhance energy efficiency and support decarbonization goals.

STMicroelectronics, a global semiconductor company, disclosed the status of its common share repurchase program for the period from May 20 to May 24, 2024. During this time, the company repurchased 198,865 ordinary shares at an average price of EUR 38.3025 per share, totaling EUR 7.62 million. The goal of the share buyback is to fulfill obligations arising from debt financial instruments exchangeable into equity. The shares may be held in treasury or used for other lawful purposes. Post buyback, STMicroelectronics holds 11,842,372 treasury shares, representing 1.3% of its issued share capital.

STMicroelectronics (NYSE: STM) held its 2024 Annual General Meeting of Shareholders in Amsterdam on May 22, 2024. All proposed resolutions were approved, including the adoption of the 2023 annual accounts, a cash dividend of $0.36 per share distributed quarterly, and amendments to the Articles of Association. Key appointments and reappointments were made to the Managing and Supervisory Boards, including the reappointment of Jean-Marc Chery as Chairman and the appointment of Lorenzo Grandi. Additionally, new remuneration policies for the Managing and Supervisory Boards were adopted, and EY was reappointed as the external auditor. Share buyback and share issuance authorizations were granted, and the date for adopting the new US SEC T+1 settlement rule was confirmed. Detailed information is available on the company's website.

STMicroelectronics announced the status of its common share repurchase program for the period from May 13, 2024, to May 17, 2024. During this period, the company repurchased 140,758 ordinary shares at a weighted average price of EUR 38.3516 per share, totaling EUR 5,398,298.87. The repurchase was conducted on the Euronext Paris market to meet obligations arising from debt financial instruments exchangeable into equity. Following these transactions, STMicroelectronics holds 11,643,507 treasury shares, approximately 1.3% of its issued share capital. Full details are available on the STMicroelectronics website.

STMicroelectronics announces the status of its common share repurchase program, where it repurchased 175,000 ordinary shares between May 6 to May 10, 2024, totaling EUR 6,574,466. The purpose was to meet obligations from debt financial instruments. The company now holds 11,502,749 treasury shares, equivalent to around 1.3% of its issued share capital.

STMicroelectronics announced the full details of its common share repurchase program, disclosing transactions in own shares from April 29, 2024, to May 3, 2024. The Company repurchased 219,100 ordinary shares (0.02% of issued share capital) at a weighted average price of EUR 37.5386 per share, totaling EUR 8,224,698.35. The repurchase was to meet obligations from debt financial instruments exchangeable into equity instruments. The Company now holds 11,327,749 treasury shares, around 1.2% of the issued share capital.

STMicroelectronics announced the status of its common share repurchase program, disclosing transactions in own shares from April 22, 2024, to April 26, 2024. In this period, the company repurchased 151,419 ordinary shares, equal to 0.02% of its issued share capital, at a weighted average purchase price per share of EUR 37.7248, totaling EUR 5,712,252.36. These transactions were made to meet obligations arising from debt financial instruments that are exchangeable into equity instruments. The company now holds 11,170,110 treasury shares, approximately 1.2% of its issued share capital.