STMicroelectronics N.V. reports news on its semiconductor products, manufacturing strategy, financial results, and shareholder matters. The company is an integrated device manufacturer with products spanning analog and mixed-signal chips, power and discrete devices, microcontrollers, digital ICs, RF products, MEMS, image sensors, and other sensing technologies for automotive, industrial, personal electronics, cloud infrastructure, and connected-device applications.
Recurring updates include STM32 microcontroller production and supply-chain localization, ST BrightSense and ST FlightSense sensing products, AI data center power-conversion architectures, robotics vision modules, strategic customer engagements, acquisitions that expand sensor capabilities, quarterly earnings, investor presentations, annual meeting resolutions, dividends, and share-repurchase authorizations.
STMicroelectronics (NYSE: STM) and MACOM have successfully produced RF Gallium-Nitride-on-Silicon (GaN-on-Si) prototypes, reaching significant cost and performance targets. These prototypes are poised to compete with established RF technologies, moving to qualification and industrialization stages in 2022. The collaboration aims to expedite the delivery of advanced RF GaN-on-Si products, essential for 5G and future infrastructure. Both companies acknowledged the potential advantages of GaN-on-Si in high-volume applications, as it offers competitive performance and cost-efficiency.
MACOM Technology Solutions (NASDAQ: MTSI) and STMicroelectronics (NYSE: STM) announced the successful production of RF GaN-on-Silicon prototypes, meeting cost and performance targets. The collaboration aims to advance this technology for 5G and 6G infrastructure. With prototypes moving towards qualification and industrialization, both companies are optimistic about market opportunities, particularly in Wireless Infrastructure. This partnership emphasizes the potential of GaN-on-Si technology to challenge existing RF power technologies.
STMicroelectronics announced its ambition to exceed $20 billion in revenue by 2025-27 during its Capital Markets Day held on May 12, 2022. The strategy focuses on sectors such as Smart Mobility, Power and Energy Management, and IoT & Connectivity. For FY 2022, expected revenues range from $14.8B to $15.3B with a target gross margin of approximately 46%. The company's growth will be supported by its robust Integrated Device Manufacturer model and established customer relationships.
STMicroelectronics (NYSE: STM) announced a collaboration with Microsoft to enhance the security of IoT applications. The partnership integrates the Microsoft Azure IoT cloud with STM32U5 microcontrollers and STSAFE-A110 secure elements. This solution combines Azure RTOS and IoT Middleware with Arm Trusted Firmware for improved security and power efficiency. Targeting developers under pressure to meet security standards, the joint effort aims to deliver trusted and efficient connected solutions. The STM32U5 microcontrollers boast certifications such as PSA Level-3 and an EEMBC SecureMark-TLS score of 133,000.
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.
Summary not available.
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.