Stmicro Stock Price, News & Analysis

STMicroelectronics has disclosed its common share repurchase program, detailing transactions from May 9 to May 13, 2022. During this period, the company repurchased 251,603 ordinary shares, representing 0.03% of its issued share capital, at a weighted average price of EUR 34.9327, totaling EUR 8,789,166.36. Following these transactions, STMicroelectronics holds 8,043,936 treasury shares, or approximately 0.9% of its issued capital. This buyback is part of an ongoing effort to enhance shareholder value.

MACOM Technology Solutions (NASDAQ: MTSI) and STMicroelectronics (NYSE: STM) announced the successful production of RF GaN-on-Silicon prototypes, meeting cost and performance targets. The collaboration aims to advance this technology for 5G and 6G infrastructure. With prototypes moving towards qualification and industrialization, both companies are optimistic about market opportunities, particularly in Wireless Infrastructure. This partnership emphasizes the potential of GaN-on-Si technology to challenge existing RF power technologies.

STMicroelectronics (NYSE: STM) and MACOM have successfully produced RF Gallium-Nitride-on-Silicon (GaN-on-Si) prototypes, reaching significant cost and performance targets. These prototypes are poised to compete with established RF technologies, moving to qualification and industrialization stages in 2022. The collaboration aims to expedite the delivery of advanced RF GaN-on-Si products, essential for 5G and future infrastructure. Both companies acknowledged the potential advantages of GaN-on-Si in high-volume applications, as it offers competitive performance and cost-efficiency.

STMicroelectronics announced its ambition to exceed $20 billion in revenue by 2025-27 during its Capital Markets Day held on May 12, 2022. The strategy focuses on sectors such as Smart Mobility, Power and Energy Management, and IoT & Connectivity. For FY 2022, expected revenues range from $14.8B to $15.3B with a target gross margin of approximately 46%. The company's growth will be supported by its robust Integrated Device Manufacturer model and established customer relationships.

STMicroelectronics (NYSE: STM) announced a collaboration with Microsoft to enhance the security of IoT applications. The partnership integrates the Microsoft Azure IoT cloud with STM32U5 microcontrollers and STSAFE-A110 secure elements. This solution combines Azure RTOS and IoT Middleware with Arm Trusted Firmware for improved security and power efficiency. Targeting developers under pressure to meet security standards, the joint effort aims to deliver trusted and efficient connected solutions. The STM32U5 microcontrollers boast certifications such as PSA Level-3 and an EEMBC SecureMark-TLS score of 133,000.

STMicroelectronics (NYSE: STM) has partnered with AWS to enhance secure Internet of Things (IoT) connections to the AWS cloud. This collaboration introduces an AWS FreeRTOS-qualified reference implementation, integrating ST’s STM32U5 microcontrollers and STSAFE-A110 secure element with Arm's TF-M firmware. The solution simplifies the connection of resource-constrained devices to AWS IoT Core, ensuring robust security against cyber threats. ST's advanced MCUs boast features like energy-saving modes and high-level security certifications, aiming to streamline IoT development and compliance with security guidelines.

STMicroelectronics has partnered with Semikron to integrate silicon-carbide (SiC) power technology in electric vehicle (EV) drives. This collaboration has culminated in a billion-Euro order for Semikron's eMPack power-module family, set to begin deliveries in 2025. The collaboration focuses on enhancing efficiency and performance in EV traction drives, as SiC technology becomes preferred in the automotive sector. ST's third-generation SiC technology will significantly impact sustainability in energy and industrial applications.

STMicroelectronics has announced its share repurchase program status, revealing the acquisition of 249,929 shares from May 2 to May 6, 2022, amounting to EUR 8,821,510.73 at an average price of EUR 35.2961 per share. This buyback represents 0.03% of its issued share capital. Following these transactions, the company now holds 7,793,220 treasury shares, which is approximately 0.9% of the capital. This buyback initiative aims to enhance shareholder value.

STMicroelectronics has launched its second-generation global-shutter image sensor designed for driver-monitoring systems (DMSs), enhancing vehicle safety by detecting drowsiness and distraction. The new sensor, VB56G4A, benefits from advanced 3D-chip technology, providing improved sensitivity, compactness, and cost efficiency, addressing upcoming legislation mandating DMS in new vehicles. Mass production is set for early 2023. The sensor operates at 60 fps with a typical power consumption of 145mW, offering features like automatic dark calibration and pixel correction.