Welcome to our dedicated page for Stmicro news (Ticker: STM), a resource for investors and traders seeking the latest updates and insights on Stmicro stock.
STMicroelectronics N.V. reports news on its semiconductor products, manufacturing strategy, financial results, and shareholder matters. The company is an integrated device manufacturer with products spanning analog and mixed-signal chips, power and discrete devices, microcontrollers, digital ICs, RF products, MEMS, image sensors, and other sensing technologies for automotive, industrial, personal electronics, cloud infrastructure, and connected-device applications.
Recurring updates include STM32 microcontroller production and supply-chain localization, ST BrightSense and ST FlightSense sensing products, AI data center power-conversion architectures, robotics vision modules, strategic customer engagements, acquisitions that expand sensor capabilities, quarterly earnings, investor presentations, annual meeting resolutions, dividends, and share-repurchase authorizations.
STMicroelectronics has announced the completion of its 2021 share buy-back program, totaling $1,040 million or 24,880,267 shares repurchased. The average purchase price was €38.67 per share. STMicroelectronics will hold these shares as treasury stock to meet obligations related to employee stock award plans and convertible bonds.
STMicroelectronics also launched a new $1,100 million share buy-back plan over three years, subject to annual shareholder approval. This plan comprises two programs to meet obligations for employee stock awards and convertible bonds. The minimum share price for buy-backs is set at €1.04, with a maximum price of 110% of the highest price over the last five trading days prior to purchase.
The company will appoint brokers to execute the buy-backs, compliant with applicable regulations and market conditions.
STMicroelectronics (NYSE: STM), a global semiconductor leader, has launched the ST Edge AI Suite. This comprehensive suite integrates tools, software, and resources to streamline the development and deployment of embedded AI applications. It supports a broad range of ST products, including smart sensors and the upcoming STM32N6 microcontrollers. Key features include the ST Edge AI Model Zoo, Developer Cloud, NanoEdge AI Studio, and MEMS Studio, usable free of charge. The suite simplifies AI model optimization and code generation, significantly aiding developers from various fields. Early adopters, including Honeywell, Soxai, and HPE Group, have reported enhanced efficiencies and product performance due to the suite.
STMicroelectronics announced the details of its common share repurchase program for the period from June 10, 2024, to June 14, 2024. The company repurchased 264,874 ordinary shares, representing 0.03% of its total issued share capital. The average purchase price was EUR 40.5057 per share, amounting to a total of EUR 10,728,917.42. This action was taken to meet obligations from debt financial instruments exchangeable into equity. As of this repurchase, STMicroelectronics holds 7,874,440 treasury shares, about 0.9% of its issued share capital.
STMicroelectronics has announced the status of its common share repurchase program for the period from June 3, 2024, to June 7, 2024. The company repurchased 30,678 ordinary shares, representing 0.003% of its issued share capital, at a weighted average price of EUR 40.8306 per share, totaling EUR 1,252,600.16. The repurchases were made to meet obligations arising from debt financial instruments exchangeable into equity and may be held in treasury or used for other lawful purposes. Post-repurchase, STMicroelectronics holds 7,609,566 treasury shares, approximately 0.8% of its issued share capital.
STMicroelectronics (NYSE: STM) and Geely Auto Group (HKEX: HK0175) have signed a long-term Silicon Carbide (SiC) supply agreement, focusing on enhancing Geely's battery electric vehicles (BEVs).
ST will supply SiC power devices to various Geely brands, improving performance, charging speeds, and driving range. A joint lab is also established to innovate in automotive electronics, infotainment, and advanced driver assistance systems (ADAS).
Geely will adopt ST's third-generation SiC MOSFETs for electric traction inverters, important for efficient electric powertrains. This partnership aims to foster mutual benefits and accelerate technology development in smart, electrified, and connected cars.
STMicroelectronics, a global leader in semiconductors, announced details of its common share repurchase program. From May 27 to May 31, 2024, the company repurchased 208,738 ordinary shares, representing 0.02% of its issued share capital, at an average price of EUR 37.919 per share, totaling EUR 7,915,144.16. These transactions aim to meet obligations arising from debt financial instruments exchangeable into equity instruments. Following these buybacks, STMicroelectronics now holds 12,051,110 treasury shares, approximately 1.3% of its issued share capital. The full breakdown of individual trades is available on the STMicroelectronics website.
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.