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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 a collaboration with Arrival to supply cutting-edge semiconductor technologies for their next-generation electric vehicles (EVs). This partnership will enhance Arrival's entire vehicle lineup, including vans, buses, and a new car, utilizing ST's automotive microcontrollers and battery management systems. Arrival aims to deliver future-proof zero-emission vehicles while benefiting from a decentralized production model through its Microfactories. This collaboration exemplifies ST's commitment to supporting the electrification of mobility.
STMicroelectronics has partnered with Tower Semiconductor to accelerate the ramp-up of its Agrate R3 300mm fab in Italy. The collaboration aims to optimize utilization and reduce wafer costs, with Tower installing equipment in one-third of the cleanroom space. The fab is set for equipment installation by the end of 2021, and production is expected to commence in the second half of 2022. This partnership will enhance production capabilities for automotive and industrial applications, potentially increasing the fab's capacity beyond initial estimates.
STMicroelectronics has successfully completed its $750 million share buy-back program initiated on November 5, 2018. Over 2.6 years, the company repurchased 31,261,581 shares at an average price of €20.5362, totaling approximately €641.99 million. As of June 21, 2021, STMicroelectronics holds about 8 million treasury shares, representing 0.9% of its issued capital of 911,204,420 shares. This buy-back was conducted under the authorization of the Supervisory Board and aligns with the European Market Abuse Regulation.
STMicroelectronics announces its innovative secure solution for authenticating Qi-certified wireless chargers, enhancing market safety. The STSAFE secure elements ensure genuine charger authentication with EAL5+ certification, crucial for protecting users' devices. This technology supports both consumer and automotive applications, enabling advancements in a variety of products from smartphones to automotive chargers. The STSAFE-A110 and STSAFE-V110 chips are tailored for these markets, simplifying integration for manufacturers and enhancing trust in charging technologies.
STMicroelectronics has disclosed the latest transactions of its common share repurchase program from June 14 to June 18, 2021. During this period, the company repurchased a total of 7,826 shares at a weighted average price of EUR 31.5405, totaling EUR 246,836.26. With these transactions, STMicroelectronics now holds 7,975,216 treasury shares, representing approximately 0.9% of its issued share capital. This buyback aims to enhance shareholder value and reflects the company's ongoing commitment to returning capital to shareholders.
STMicroelectronics has announced that the low-power Bluetooth module, developed by Lierda Science & Technology Group, incorporates the STM32WB55 Bluetooth LE microcontroller. This module is designed for smart home appliances and IoT applications, featuring protocols like BLE 5.2 and Zigbee 3.0. The LSD1BT-STWB5500 module, already Bluetooth LE certified, simplifies development and accelerates time to market. It includes robust RF performance and supports up to 44 GPIOs, with production expected this month.
STMicroelectronics (NYSE: STM) has launched its Stellar SR6 automotive microcontrollers (MCUs), designed for advanced vehicle electronics. These MCUs are focused on enhancing performance and safety in high-end body and drivetrain applications. They support independent applications on a single device and are compliant with ISO 26262 ASIL-D safety standards. The Stellar SR6 family is expected to streamline vehicle wiring and facilitate Over-The-Air reprogramming, aiming for production readiness in 2024.
STMicroelectronics has disclosed details of its ongoing common share repurchase program, approved in 2018. From June 7 to June 11, 2021, the company repurchased 359,486 shares, representing 0.04% of its issued capital, at an average price of EUR 30.5081, totaling EUR 10,967,244.90. Following these transactions, STMicroelectronics now holds 12,465,956 treasury shares, approximately 1.4% of issued capital. This share buyback aims to enhance shareholder value and signal confidence in the company's future performance.
STMicroelectronics has entered a five-year collaboration with Politecnico di Milano to establish a joint research center focused on advanced materials for sensors. This initiative aims to enhance research and development in MEMS technology, supporting the training of doctoral students and researchers. The collaboration includes upgrading infrastructure with a new 200mm pilot line and aims to create a world-class innovation district in Milan. With over 15 billion MEMS sold, STMicroelectronics aims to drive research in advanced MEMS and related technologies.
STMicroelectronics announced a leadership change as Benedetto Vigna, President of the Analog, MEMS, and Sensors Group, will step down on August 31, 2021 to take on the role of CEO at another company. Jean-Marc Chery, ST's President & CEO, praised Vigna's contributions over his 26-year career, highlighting his role in establishing ST's leadership in MEMS sensors and other technologies. The company aims to ensure a smooth transition during the upcoming weeks.