Stmicro Stock Price, News & Analysis

STMicroelectronics achieved an 'A' score from CDP for its transparency in water security, recognizing the company’s commitment to sustainable practices. Out of nearly 15,000 companies evaluated, STMicroelectronics stands out for its effective management of water-related risks and reduction of its water footprint. In 2021, the company reduced water consumption per production unit by 16%, with a target of 20% reduction by 2025 compared to 2016 levels. This recognition underscores ST's dedication to environmental leadership and supporting communities.

STMicroelectronics has launched new silicon-carbide (SiC) power modules for electric vehicles (EVs), enhancing performance and driving range. Selected by Hyundai Motor Company for its E-GMP platform, these modules are designed to integrate easily into EV systems. The latest generation of STPOWER SiC MOSFETs features industry-leading energy efficiency, allowing for faster charging and improved vehicle dynamics. ST is poised to support market demands with new manufacturing capabilities expected to begin in 2023.

STMicroelectronics (NYSE: STM) and Soitec have announced an agreement to qualify Soitec's SmartSiC™ technology for future 200mm Silicon Carbide (SiC) substrate production. This collaboration aims to enhance the manufacturing processes supporting the automotive and industrial sectors, facilitating the transition to electric mobility. The 200mm wafers are expected to deliver nearly double the chip output per wafer, significantly improving efficiency and production capacity. Volume production is anticipated in the midterm, reflecting the urgency to adapt to a rapidly evolving electric vehicle market.

STMicroelectronics has launched the STWLC99, a 100-Watt wireless power receiver, marking the highest available power rating in the industry. This innovation allows rapid charging for high-end smartphones, achieving full recharge in under 30 minutes. The device is expected to enhance user experience across multiple sectors, including medical devices and industrial tools, by eliminating power cords and facilitating faster operations. Now in production, the STWLC99 is available starting at $2.50, featuring advanced safety mechanisms and compatibility with Qi standards.

STMicroelectronics has announced the results of its common share repurchase program conducted from November 21 to November 25, 2022. During this period, the company repurchased 110,645 shares at an average price of EUR 37.0375, totaling approximately EUR 4.1 million. The repurchase aims to fulfill obligations related to employee share options and is part of a broader buyback initiative approved by shareholders in May 2021. Following these transactions, STMicroelectronics holds 6,991,558 treasury shares, representing about 0.8% of its issued capital.

STMicroelectronics has achieved EMVCo certification for its STPay-Topaz-Bio biometric payment platform, streamlining time-to-market for card issuers. This platform integrates a biometric secure element and a low-power microcontroller, enhancing security and interoperability with payment systems. The biometric payment card market is forecasted to grow at over 200% CAGR through 2026. ST's secure element and microcontroller support contact and contactless transactions, making this certification a significant step for the company and its partners.

STMicroelectronics announced the details of its common share repurchase program, disclosing transactions from November 7 to 11, 2022. A total of 253,114 shares were repurchased at an average price of EUR 33.0010, totaling EUR 8,353,014.70. This buyback represents 0.03% of the company's issued share capital. The repurchase aims to meet obligations from employee share options and other allocations. Currently, STMicroelectronics holds a total of 6,766,955 treasury shares, approximately 0.7% of its total issued capital.

STMicroelectronics (NYSE: STM) showcased innovative technologies at electronica 2022, held from November 15-18 in Munich, Germany. The focus was on smarter mobility, energy efficiency, and industrial applications. Key highlights included advanced electrification solutions for electric vehicles, demonstrations of energy-saving technologies, and Industrial AI systems for factory automation. ST presented over 35 demos, illustrating their commitment to enhancing performance, safety, and connectivity across various sectors.

STMicroelectronics has partnered with Thales to enhance contactless functionality in the Google Pixel 7 smartphone using the ST54K single-chip NFC controller and secure element. This collaboration ensures superior performance for embedded SIM, transit ticketing, and digital car key applications. The ST54K, recognized for its low power consumption and robust security (CC EAL5+ certified), simplifies device design while supporting essential NFC functionalities. Launched on October 7, the Pixel 7 integrates this technology for enhanced user experience and security in contactless transactions.