Welcome to our dedicated page for Stmicro news (Ticker: STM), a resource for investors and traders seeking the latest updates and insights on Stmicro stock.
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 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.
STMicroelectronics has announced a collaboration with Xilinx to develop a power solution for the radiation-tolerant FPGA, Xilinx Kintex® UltraScale™ XQRKU060. This partnership utilizes ST's QML-V qualified voltage regulators, enhancing the FPGA's programmability for space applications. The design ensures reliable performance, offering high voltage accuracy and stability against radiation events. The RHRPMPOL01 and RHFL6000A regulators support a voltage range of 0.8V to 12V and provide fast transient response while being resistant to space radiation effects. This innovation aims to reduce development time and costs for future space systems.
STMicroelectronics (STM) announced the execution of its common share repurchase program, which was approved by shareholders on May 27, 2021. During the period from August 16 to August 20, 2021, the company repurchased 211,123 shares (0.02% of issued capital) at a weighted average price of EUR 36.0235, totaling EUR 7,605,383.14. Following these transactions, STM holds 8,434,475 treasury shares, representing 0.9% of its issued capital. This buyback aims to enhance shareholder value and reflects the company's commitment to optimizing capital allocation.
STMicroelectronics has published its IFRS 2021 Semi Annual Accounts for the six-month period ending July 3, 2021. The documents are available on the company’s website and have been filed with the Netherlands Authority for the Financial Markets. STMicroelectronics is a leading semiconductor manufacturer with a workforce of 46,000, serving over 100,000 customers. The firm focuses on technologies that support sustainable development, including Internet of Things and 5G technology.
Cree and STMicroelectronics have expanded their silicon carbide wafer supply agreement, now exceeding $800 million. This long-term contract allows STMicroelectronics to acquire 150mm bare and epitaxial wafers from Cree over several years, enhancing their supply flexibility for automotive and industrial applications. The growing adoption of silicon carbide technology is driven by the shift to electric vehicles and cleaner energy solutions. Cree's CEO emphasized the strategic importance of this partnership, noting that their total wafer supply agreements have surpassed $1.3 billion.
Cree and STMicroelectronics have expanded their multi-year silicon carbide wafer supply agreement, now valued at over $800 million. This agreement involves the supply of 150mm silicon carbide bare and epitaxial wafers to meet growing demands in the automotive and industrial sectors. Cree's CEO noted that this marks a total of over $1.3 billion in long-term wafer agreements, emphasizing the transition from silicon to silicon carbide technology. Both companies are positioned to capitalize on the increasing adoption of energy-efficient solutions in electric vehicles and industrial applications.
STMicroelectronics reported on its common share repurchase program, detailing transactions from August 9 to August 13, 2021. During this period, 198,835 ordinary shares were repurchased, representing 0.02% of its issued share capital, for a total of EUR 7,246,276.76 at an average price of EUR 36.4437 per share. Following these transactions, the company retains 8,223,352 treasury shares, equivalent to approximately 0.9% of its issued share capital. This buyback aligns with the company's strategy to enhance shareholder value.