Stmicro Stock Price, News & Analysis

Software République unveiled the Mobilize Powerbox®, a secure and connected charging station for electric vehicles (EVs) at the 2022 Paris Motor Show, held on October 6, 2022. This innovative technology aims to enhance access to charging, manage electricity networks intelligently, and address cybersecurity risks. The charging station, ranging from 7 to 22 kW, combines expertise from Orange, Renault, STMicroelectronics, and Thales. The product will be marketed in 2023, aiming to support renewable energy use and promote ecological transition.

STMicroelectronics announced plans to build the first integrated Silicon Carbide (SiC) substrate manufacturing facility in Europe, located in Catania, Italy. This facility aims to meet the rising demand for SiC devices in automotive and industrial sectors as companies transition to electrification. The investment of €730 million over five years, supported by the Italian government, will create around 700 jobs. Production is expected to start in 2023, enhancing ST’s vertical integration strategy and supporting its goal of 40% internal substrate sourcing by 2024.

STMicroelectronics has introduced the AIS25BA, an advanced automotive MEMS accelerometer designed for road noise cancellation in electric vehicles (EVs). This sensor enhances in-cabin comfort by actively measuring and eliminating road noise through noise-cancelling techniques. With the lowest electrical noise in its class, the AIS25BA achieves superior accuracy in vibration control. It features a fast response time, low latency of 266µs, and a wide frequency response, making it ideal for modern vehicles. Priced at $3.90 for 1000 pieces, the AIS25BA is compliant with AEC-Q100 and available now.

STMicroelectronics has disclosed its common share repurchase program, executing buybacks of 74,179 shares between September 26 and September 28, 2022. The shares were purchased at an average price of EUR 34.3690, totaling approximately EUR 2.55 million. Following these transactions, STMicroelectronics holds a total of 4,994,727 treasury shares, amounting to about 0.5% of its issued share capital. This buyback program reflects the company's commitment to enhancing shareholder value.

Smart Eye and STMicroelectronics have partnered to develop a high-sensitivity 1-LED Driver Monitoring System (DMS) optimized for automotive applications. This collaboration combines Smart Eye's advanced driver monitoring algorithms with ST's automotive-grade global-shutter imager, achieving significant power and cost reductions. The DMS, demonstrated at AutoSens and InCabin events in Brussels, utilizes a single LED, contrasting typical systems that require multiple LEDs. This innovation aims to enhance road safety while lowering operational costs for automakers.

STMicroelectronics recently announced the completion of its common share repurchase program, detailing transactions from September 5 to September 9, 2022. During this period, 253,062 ordinary shares were bought back, representing 0.03% of issued share capital. The total cost for these repurchases was approximately EUR 8.91 million, with a weighted average purchase price of EUR 35.21 per share. Post-repurchase, the company holds a total of 4.59 million treasury shares, equating to about 0.5% of its issued capital. This initiative underscores STMicroelectronics' commitment to enhancing shareholder value.

STMicroelectronics (NYSE: STM) announced a new hybrid image sensor designed for advanced in-car monitoring, enhancing driver and passenger safety. The sensor enables functionalities like passenger safety-belt checks and vital-sign monitoring, addressing the growing demand for driver-monitoring systems (DMS), which is increasing at over 10% annually. With 5.1 megapixels and dual operation modes, the sensor promises high-quality imaging under various conditions. Mass production is set for model-year 2024 vehicles, emphasizing ST's commitment to innovation in automotive technology.

STMicroelectronics has launched the Stellar P6 automotive microcontroller, aimed at integrating advanced features for the next generation of electric vehicles. This MCU supports the new CAN-XL communication standard, enhancing data processing capabilities essential for model year 2024 vehicles. With up to 20 Mbytes of non-volatile memory and real-time performance, the Stellar P6 is set to facilitate the transition to software-defined vehicles. This MCU series targets electric drivetrains while ensuring safety and over-the-air update capabilities.

STMicroelectronics has published its IFRS 2022 Semi Annual Accounts for the six-month period ending July 2, 2022. The financial report is available on their website and has been filed with the Netherlands Authority for the Financial Markets. With a workforce of 48,000, STMicroelectronics is a leading figure in semiconductor technology, focusing on advancements in mobility, energy management, and the Internet of Things. The company aims for carbon neutrality by 2027.