Stmicro Stock Price, News & Analysis

STMicroelectronics (NYSE: STM) announced resolutions for its Annual General Meeting (AGM) on May 25, 2022. Key proposals include the adoption of the 2021 statutory annual accounts, a cash dividend of US$ 0.24 per share distributed quarterly, and the reappointment and appointment of Supervisory Board members. Additionally, the company seeks authorization for share repurchases and the issuance of new common shares. The record date for participation is April 27, 2022. The AGM will incorporate safety measures due to COVID-19, allowing remote voting options.

Wacom, STMicroelectronics, and CEVA have joined forces to enhance the digital pen experience through a new collaboration. This initiative focuses on developing a wireless sensor module that integrates advanced features like 3D gesture and motion control into digital pens. A complete reference design will assist OEMs in creating motion-sensing pens for devices such as tablets, smartphones, and interactive whiteboards. The AES Rear IMU Module enhances productivity with its natural user interface and customizable features, aiming to transform how users interact with digital devices.

STMicroelectronics (NYSE: STM) has published its IFRS 2021 Annual Report, detailing a cash dividend proposal of US$ 0.24 per share. The dividend will be distributed in quarterly installments of US$ 0.06 starting in Q2 2022 and continuing through Q1 2023. Key ex-dividend dates include June 20, 2022 for Q2 and September 19, 2022 for Q3. The report is available on their website and was filed with the Netherlands Authority for the Financial Markets. The company is committed to becoming carbon neutral by 2027.

STMicroelectronics has launched a series of economical radiation-hardened integrated circuits (ICs) for low-cost satellites in the booming 'New Space' market. The new components, designed for low-earth orbits, include nine devices such as a data converter and voltage regulator, priced from $70 to $450 for bulk orders. This product line enables more accessible earth observation and broadband services while simplifying satellite design and manufacturing. The components boast robust radiation hardness and high-quality production standards, focusing on cost efficiency for developers.

The European Investment Bank (EIB) has granted €600 million to STMicroelectronics (STM) for advancing research and development and new production lines in Europe. This funding aims to enhance the semiconductor industry's competitive edge in alignment with EU policies focused on technological sovereignty. The investment will support innovative technologies at STM's facilities in Italy and France, addressing critical challenges in environmental transition and digital transformation. Europe, while representing 10% of the global semiconductor market, aims to reclaim its share by 2030, bolstered by this EIB support.

STMicroelectronics has disclosed its common share repurchase activities from February 21 to February 25, 2022. During this period, the company repurchased a total of 251,058 ordinary shares, representing 0.03% of its issued share capital. The shares were acquired at a weighted average price of EUR 37.2453, totaling approximately EUR 9.35 million. After these transactions, STMicroelectronics holds 6,660,002 treasury shares, accounting for about 0.7% of its issued share capital.

STMicroelectronics has launched its third-generation MEMS sensors, enhancing accuracy and energy efficiency for mobile devices, smart industries, and healthcare. These sensors exceed previous limitations in output accuracy and power consumption while featuring machine learning and electrostatic sensing capabilities. The LPS22DF and LPS28DFW barometric sensors provide high precision and low power consumption, making them ideal for various applications, including wearables. These innovations align with ST's commitment to sustainability and technological advancement.

STMicroelectronics published its 2021 Annual Report on Form 20-F, filed with the U.S. SEC. The report includes complete audited financial statements based on U.S. GAAP, available at www.st.com and www.sec.gov. A hard copy can be requested from the Investor Relations Department.