Stmicro Stock Price, News & Analysis

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.

STMicroelectronics N.V. disclosed its share repurchase program details for the period from April 25 to April 29, 2022. During this time, the company bought back a total of 242,330 ordinary shares, representing 0.03% of its issued share capital, at an average price of EUR 35.4251, amounting to a total expenditure of EUR 8,584,554.53. Following this repurchase, STMicroelectronics now holds 7,543,291 treasury shares, approximately 0.8% of its issued capital. The program aims to enhance shareholder value.

NP Plastibell has introduced a groundbreaking pre-filled connected syringe featuring NFC technology from STMicroelectronics (NYSE: STM). This innovative device allows access to critical information regarding medicine legitimacy, manufacturing history, and usage recommendations. Unveiled at Pharmapack in Paris, it addresses challenges in the manufacturing process, ensuring the NFC tag withstands sterilization up to 130°C. Both companies aim to expand this technology into other medical devices, enhancing patient care and information accessibility.

STMicroelectronics (STM) reported Q1 2022 net revenues of $3.55 billion, surpassing the mid-point of its expectations, with a gross margin of 46.7% and net income of $747 million, showing significant year-over-year growth. The company cited strong demand for microcontrollers as a key driver, despite production challenges at its Shenzhen facility. Looking ahead, STM anticipates Q2 revenues of $3.75 billion, a 25.3% increase year-over-year. However, gross margin is projected to decline slightly to 46.0%.

STMicroelectronics has launched the STGesture™ recognition solution, allowing touchless controls for various applications. This system utilizes the VL53L5CX time-of-flight sensor and a dedicated software package to enable low-power gesture sensing. It ensures user privacy by eliminating the need for cameras and operates effectively in low-light conditions. The solution targets consumer and industrial markets, offering affordability and ease of integration, with initial pricing from $3.90 for 1000-piece orders.