Stmicro Stock Price, News & Analysis

STMicroelectronics has launched Version 3 of NanoEdge™ AI Studio, enhancing machine-learning development for connected devices and industrial equipment. Key features include new algorithms for better anomaly detection, improved data management on ST development boards, and a redesigned user interface to assist developers without data-science expertise. This upgrade aims to optimize industrial processes and maintenance costs by enabling on-device AI capabilities, thereby reducing latency and improving data security. The tool is compatible with all STM32 microcontrollers.

STMicroelectronics has introduced the ST31N600 secure microcontroller, enhancing security for payment and ID cards through its advanced features. Integrating energy harvesting and the latest Arm SecurCore architecture, this microcontroller facilitates biometric authentication for contactless transactions. The device is designed for dynamic card verification (dCVV) and complies with EMV standards. Showcased at Trustech 2021, STMicroelectronics aims to lead innovations in smartcards, highlighting solutions like STPay-Topaz-Bio for secure transactions.

STMicroelectronics announced its share repurchase program, executing a total buyback of 171,899 shares (0.02% of issued capital) from Nov 22 to Nov 26, 2021. The average purchase price was EUR 43.9264, totaling EUR 7,550,896.10. Post this transaction, the company holds 4,600,659 treasury shares (approximately 0.5% of issued capital). This initiative is part of its ongoing strategy to enhance shareholder value.

STMicroelectronics (NYSE: STM) has initiated a collaboration with A*STAR's Institute of Microelectronics in Singapore focusing on silicon carbide (SiC) R&D. This partnership aims to develop a SiC ecosystem to enhance power-electronics for the electric vehicle (EV) market and industrial applications. By optimizing SiC devices and packages, the collaboration seeks to improve performance compared to traditional silicon solutions, addressing growing demands for smaller, more efficient power modules. This effort strengthens Singapore’s reputation as a hub for innovation.

STMicroelectronics N.V. disclosed details of its share repurchase program from November 15 to November 19, 2021. A total of 173,731 shares were bought back at a weighted average price of EUR 45.2793, amounting to EUR 7,866,421.49. Following these transactions, the company holds 4,428,760 treasury shares, representing approximately 0.5% of its issued share capital. The program, initially approved on May 27, 2021, aims to enhance shareholder value and reflect confidence in the company's future.

STMicroelectronics has announced changes to its Executive Committee, effective January 1, 2022. Marco Cassis will lead the Analog, MEMS, and Sensors Group while retaining corporate responsibilities. Remi El-Ouazzane, previously at Intel, is appointed President of the Microcontroller and Digital ICs Group. Lorenzo Grandi remains CFO and will lead multiple finance functions. Jerome Roux is promoted to President of Sales & Marketing. CEO Jean-Marc Chery emphasizes the importance of leadership and teamwork to enhance company value and sustainability.

STMicroelectronics has launched the STA8135GA, a groundbreaking automotive satellite-navigation chip that features the first-ever single-chip triple-band GNSS receiver designed specifically for the automotive sector. This chip enhances positioning accuracy comparable to high-end surveying instruments while offering improved reliability and cost-effectiveness. The compact design allows for superior satellite tracking even in challenging environments. AEC-Q100 qualification is expected by Q1 2022, with samples currently available.

STMicroelectronics has disclosed its share repurchase program, covering a period from Nov 8 to Nov 12, 2021. The company repurchased 216,792 shares, representing 0.02% of issued capital, at a total cost of EUR 9,588,403.55. The weighted average purchase price was EUR 44.2286 per share. Currently, STMicroelectronics holds 4,255,029 treasury shares, accounting for approximately 0.5% of its capital. This program aims to enhance shareholder value and reflects the company's commitment to managing its capital effectively.

STMicroelectronics has reported the execution of its common share repurchase program, disclosing the purchase of 215,551 ordinary shares from November 1 to November 5, 2021. The total amount spent on these shares was €9,127,607.49, with a weighted average price of €42.3455 per share. Following these repurchases, the company holds a total of 4,038,237 treasury shares, accounting for approximately 0.4% of its issued share capital. This program aims to enhance shareholder value and reflects the company's ongoing commitment to returning capital to its investors.