Stmicro Stock Price, News & Analysis

STMicroelectronics has disclosed its share repurchase program details for the period from September 20 to September 24, 2021. A total of 25,000 shares were acquired at a weighted average price of EUR 39.4011, amounting to EUR 985,027.50. This repurchase represents 0.003% of the issued share capital, bringing the total treasury shares held to 2,932,263 or approximately 0.3% of issued capital. The program aims to enhance shareholder value and is part of a broader strategy approved by shareholders.

STMicroelectronics has partnered with Paco Rabanne to launch a groundbreaking fragrance for men, Phantom, featuring the perfume industry's first connected bottle. This innovative bottle utilizes ST's NFC contactless chip, allowing users to connect with the online "Phantom Universe" via their smartphones. The collaboration marks a significant advancement in blending luxury with sustainability, as the bottle design incorporates a refill system. ST will showcase its technology at the Luxe Pack 2021 trade show in Monaco from September 27-29.

STMicroelectronics has unveiled the world's first LoRa System-on-Chip (SoC), the STM32WLE5, which facilitates automated rubber tapping in Hainan, China. This cutting-edge technology, developed in collaboration with CIHEVEA, enhances rubber tapping productivity by 2-3 times compared to manual methods while significantly reducing worker injuries. The STM32WLE5 acts as an efficient communication hub for the rubber-tapping robot, enabling it to autonomously optimize latex extraction. This innovation also addresses labor shortages and promotes a sustainable, high-efficiency agricultural ecosystem.

STMicroelectronics (NYSE: STM) announces advancements in its STM32WB ecosystem, enabling smoother development of wireless applications. Key updates include the extension of the STM32Cube ecosystem to support STM32WB wireless MCUs, enhanced firmware, and improved programming tools. The STM32WB integrates a 2.4GHz radio and Arm Cortex-M cores, designed for smart building and industry applications. Starting at just $0.85 per unit in high volume, these updates aim to streamline wireless device development, ensuring quick and cost-effective certification for various protocols.

STMicroelectronics has partnered with Blues Wireless to enhance cellular technology adoption in embedded applications. Their collaboration features key ST products, including STM32 MCU and STSAFE-A Secure Element, utilized in the Blues Wireless Notecard system-on-module. This solution significantly reduces the complexity and cost of IoT deployments by up to 10X, offering multi-network support (LTE Cat-1, Cat-M, NB-IoT, GSM). Notecards start at $49 and facilitate seamless data transmission from remote assets to cloud applications.

STMicroelectronics has announced the mass-market availability of its ST4SIM eSIM ICs for Machine-to-Machine (M2M) applications, effective September 6, 2021. These GSMA-compliant eSIMs facilitate seamless connectivity for IoT devices, essential for applications like condition monitoring and asset tracking. ST's offering includes services for device onboarding and is available through authorized distributors. The ST4SIM is manufactured at accredited sites in Europe and Southeast Asia, ensuring industry-standard quality.

STMicroelectronics has announced its common share repurchase program, detailing transactions for the period from August 30, 2021 to September 3, 2021. The company repurchased 129,000 shares, representing 0.01% of its share capital, at a weighted average price of EUR 37.9117, totaling EUR 4,890,610.60. These share buybacks are aimed at enhancing shareholder value, and currently, STMicroelectronics holds a total of 2,907,263 treasury shares, approximately 0.3% of its issued capital.

The Software République, composed of Atos, Dassault Systèmes, Orange, Renault Group, STMicroelectronics, and Thales, launches the 'Mobility 4.0 Challenge' to foster innovation in European mobility. Starting September 6, 2021, the competition invites start-ups, SMEs, and researchers to propose sustainable mobility projects. Participants will utilize data and support from the six companies to develop prototypes. Winning projects gain access to R&D resources and media exposure. This initiative marks a collaboration aimed at creating disruptive mobility solutions across five key themes.

STMicroelectronics reported the results of its common share repurchase program for the period from August 23 to 27, 2021. The company repurchased a total of 158,752 ordinary shares, representing 0.02% of its issued capital, at a weighted average price of EUR 36.6684, totaling approximately EUR 5,821,186.99. Following these transactions, STMicroelectronics holds 8,593,227 treasury shares, about 0.9% of its issued share capital. The buyback aims to enhance shareholder value and optimize capital structure.