Stmicro Stock Price, News & Analysis

STMicroelectronics (NYSE: STM) has launched its first wireless IoT module, the ST67W611M1, through a strategic collaboration with Qualcomm Technologies. The module integrates Qualcomm's QCC743 multiprotocol connectivity SoC with pre-loaded Wi-Fi6, Bluetooth 5.3, and Thread combo, designed for seamless integration with STM32 microcontrollers.

The module features 4Mbyte Flash storage, a 40MHz crystal, and supports Matter protocol over Wi-Fi. It includes advanced hardware security with PSA Certified Level 1 protection and comes pre-certified with built-in RF capabilities. Samples are currently available, with OEM availability in Q1 2025 and broader availability in Q2 2025.

Edge Impulse and STMicroelectronics (STM) have announced official support for the new STM32N6 microcontroller. The groundbreaking MCU achieves a 600x performance gain over current high-end STM32 microcontrollers through its innovative Neural-ART Accelerator, an in-house developed NPU.

The collaboration combines Edge Impulse's edge AI platform, which includes generative AI features and NVIDIA integrations, with ST's cutting-edge semiconductor technology. The STM32N6's architecture allows AI computations to be offloaded to the Neural-ART Accelerator while the Arm® Cortex®-M core handles other tasks, enabling efficient development of applications in computer vision, energy management, and anomaly detection.

STMicroelectronics has unveiled the STM32N6 microcontroller series, featuring the company's first-ever integrated Neural-ART Accelerator NPU for enhanced machine learning capabilities. The new MCUs deliver 600 times more machine-learning performance than current high-end STM32 MCUs, enabling advanced AI applications in consumer and industrial products.

The STM32N6 includes an 800 MHz Arm Cortex-M55 core, 4.2 MB of RAM, and an advanced Image Signal Processor. The series has been available to selected customers since October 2023 and is now ready for high-volume production. Major companies including LG, Lenovo, Alps Alpine, Carlo Gavazzi, Meta-bounds, and Autotrak have provided positive feedback on the MCU's performance and capabilities.

STMicroelectronics (STM) and Renault Group's Ampere announced a multi-year agreement starting in 2026 for Silicon Carbide (SiC) power modules supply and collaboration on powerbox development for electric vehicle inverters. The partnership focuses on optimizing power module performance for Ampere's electric powertrains, combining Ampere's EV expertise with STM's power electronics knowledge.

The powerbox, designed for 400V and 800V battery systems, features three SiC-based power modules, an excitation module, and a cooling baseplate. The 800V system aims to achieve 10%-80% quick charging in under 15 minutes. This collaboration demonstrates STM's leadership in advanced power electronics and supports Ampere's strategy to control its EV value chain.

STMicroelectronics announced share repurchases conducted between Nov 25-29, 2024, as part of its buyback program approved in May 2024. The company repurchased 88,200 ordinary shares (0.01% of issued share capital) at a weighted average price of EUR 24.0746 per share, totaling EUR 2,123,379.72. The purpose is to meet obligations from share option programs and employee allocations. Following these transactions, STMicroelectronics holds 13,133,241 treasury shares, representing approximately 1.4% of its issued share capital.

STMicroelectronics has completed a share repurchase program from Nov 18-22, 2024, acquiring 468,800 ordinary shares (0.05% of issued share capital) at a weighted average price of EUR 23.2951 per share, totaling EUR 10.92 million. The buyback aims to meet obligations from share option programs and employee allocations. Following these transactions, STM holds 13,045,041 treasury shares, representing approximately 1.4% of its issued share capital. The purchases were executed on Euronext Paris following shareholder approval from May 22, 2024.

STMicroelectronics has announced its financial targets during its Capital Markets Day in Paris. The company has set an intermediate financial model targeting revenues of approximately $18 billion with an operating margin of 22-24% for 2027-2028. ST has also reiterated its longer-term $20 billion+ revenue ambition, now expected by 2030.

Through its manufacturing reshaping program and cost base resizing initiative, ST anticipates achieving high triple-digit million-dollar savings by 2027 compared to current costs. The company maintains its focus on sustainable and profitable growth, aiming for a gross margin of 44-46% and free cash flow margin of ~20% in the intermediate period.

STMicroelectronics has executed share repurchases between November 11-15, 2024, acquiring 474,885 ordinary shares (0.05% of issued share capital) at a weighted average price of EUR 24.8463 per share, totaling EUR 11,799,157.72. The buyback program, approved by shareholders on May 22, 2024, aims to meet obligations from share option programs and employee stock allocations. Following these transactions, STMicroelectronics holds 12,576,241 treasury shares, representing approximately 1.4% of its issued share capital.

STMicroelectronics announced share repurchases from Nov 04-08, 2024, buying 547,000 ordinary shares (0.06% of issued share capital) at a weighted average price of EUR 24.6638 per share, totaling EUR 13,491,072.70. The buyback, executed on Euronext Paris, aims to meet obligations from share option programs and employee allocations. The company now holds 12,101,356 treasury shares, representing approximately 1.3% of its issued share capital. The program was approved by shareholders on May 22, 2024, and the supervisory board.