Stmicro Stock Price, News & Analysis

STMicroelectronics (NYSE: STM) held its 2021 Annual General Meeting on May 27, 2021, in Schiphol, Netherlands. Key resolutions approved include the adoption of statutory annual accounts for 2020 and a cash dividend of US$ 0.24 per share, to be paid quarterly. The meeting also reappointed Jean-Marc Chery to the Managing Board and Nicolas Dufourcq to the Supervisory Board, both for three-year terms. Additionally, an amended remuneration policy for the Managing Board was adopted, and a new 3-year Unvested Stock Award Plan was established for management.

Magic Information has introduced a smart-lock reference design utilizing STMicroelectronics' STM32WB55 Bluetooth microcontroller. This design features advanced AIoT fingerprint recognition, enabling quick unlocks in 0.3 seconds with low power consumption. The solution addresses key challenges in the smart-lock industry, including size and interoperability. With BLE 5.2 technology, it promises robust security for critical markets like access control and medical devices. Magic Information also offers a platform for developing innovative applications.

STMicroelectronics disclosed details of its common share repurchase program, originally approved on May 31, 2018. During the period from May 17 to May 21, 2021, the company repurchased 505,232 shares, representing 0.06% of its issued share capital. The total expenditure for these transactions was approximately EUR 14.76 million with an average purchase price of EUR 29.2107 per share. These activities aim to enhance shareholder value.

STMicroelectronics announced the acquisition of Cartesiam, a French software company specializing in edge AI development tools. This strategic move aims to bolster STMicroelectronics' AI capabilities by integrating Cartesiam's NanoEdge™ AI Studio technology into its existing STM32Cube.AI toolset. This acquisition is expected to enhance STMicroelectronics' offerings for embedded machine-learning solutions. The transaction terms remain undisclosed, and closing is subject to regulatory approvals.

STMicroelectronics received an IEEE Milestone for its innovative super-integrated silicon-gate semiconductor process technology. This technology combines analog and digital transistors on a single chip and has been instrumental in the sale of 40 billion chips across various applications, including automotive and consumer electronics. The award was presented during a ceremony at ST's Agrate plant, acknowledging the significant technical achievement dating back to 1985. The company plans to begin production of the 10th generation of this technology soon.

STMicroelectronics reported on its common share repurchase program, disclosing transactions from May 10 to May 14, 2021. A total of 559,156 shares were bought back, representing 0.06% of its issued share capital, at a weighted average price of EUR 29.2543, totaling EUR 16,357,699.36. Following these transactions, the company now holds 12,286,836 treasury shares, about 1.3% of its capital. These buybacks aim to enhance shareholder value and demonstrate confidence in future performance.

STMicroelectronics has announced its share repurchase program, disclosing the acquisition of 489,700 ordinary shares from May 3 to May 7, 2021. The total cost for this buyback was EUR 14,968,847.31, with an average purchase price of EUR 30.5674 per share. This buyback represents 0.05% of the total issued share capital, leading to a total of 11,727,680 treasury shares, or approximately 1.3% of issued capital. The program aims to enhance shareholder value.

STMicroelectronics (NYSE: STM) unveiled its new STi²GaN product family, combining Gallium Nitride (GaN) power solutions with advanced intelligence for compact systems in the electric vehicle sector. This innovative offering includes solutions for On-Board Chargers, LiDAR for autonomous driving, and DC-DC converters. Leveraging strong automotive expertise, STi²GaN aims to meet the high-power density demands of electrification. The initial products are designed for 100V and 650V power applications, promising exceptional performance and scalability.