Stmicro Stock Price, News & Analysis

STMicroelectronics and Politecnico di Milano have launched an expansion of semiconductor R&D infrastructure at the PoliFab Micro- and Nanotechnology Center. Inaugurated on December 14, 2021, this facility received advanced equipment from STMicroelectronics to enhance joint R&D in MEMS, motion control, and power electronics. The center aims to attract top talent and bolster ST's leadership in MEMS technology, with over 15 billion devices sold so far. The collaboration also includes investments in scholarships, faculty recruitment, and joint projects, marking a significant step towards establishing a premier semiconductor innovation hub in Italy.

STMicroelectronics introduces its third-generation silicon-carbide (SiC) MOSFETs, enhancing performance for electric vehicles (EV) and industrial applications. These new devices support higher energy efficiency and reliability, crucial for 800V systems in EVs, enabling longer driving ranges and faster charging. The company expects $1 billion in SiC revenue for 2024. With voltage ratings up to 1200V, the new SiC technology aims to further optimize both automotive and industrial applications, demonstrating ST's commitment to advancing semiconductor technology.

STMicroelectronics has reported the details of its common share repurchase program covering the period from November 29 to December 3, 2021. During this time, the company repurchased 125,670 shares, representing 0.01% of its issued share capital, at an average price of EUR 42.4273, totaling approximately EUR 5,331,837.65. Following these transactions, STMicroelectronics holds a total of 4,726,329 treasury shares, about 0.5% of its issued share capital. This buyback is part of a broader strategy aimed at enhancing shareholder value.

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.