STMICROELECTRONICS


Associated tags: Carbon, Internet, Electronics, STMicroelectronics, STM, Security (finance), Disclosure, Share repurchase, LEI, EUR, Treasury, EU, Euronext Paris, ISIN, Vinylcyclopropane (5+2) cycloaddition, NYSE

Locations: EUROPE, ASIA, CHINA, FRANCE, ITALY, SPAIN, CALIFORNIA, SINGAPORE, MOROCCO, MALTA, NY, RUSSIA, UKRAINE, MICHIGAN, INDONESIA, CA, LC, ML, AR, NEVADA, BIG SKY, AM, GENEVA, CH, US, ST, SWITZERLAND, TOKYO, JAPAN, EU

STMicroelectronics Reports 2024 First Quarter Financial Results

Retrieved on: 
Thursday, April 25, 2024

Net Capex (non-U.S. GAAP)1 was $967 million in the first quarter compared to $1.09 billion in the year-ago quarter.

Key Points: 
  • Net Capex (non-U.S. GAAP)1 was $967 million in the first quarter compared to $1.09 billion in the year-ago quarter.
  • Free cash flow (non-U.S. GAAP)1 was negative at $134 million in the first quarter, compared to positive $206 million in the year-ago quarter.
  • Inventory at the end of the first quarter was $2.69 billion, compared to $2.70 billion in the previous quarter and $2.87 billion in the year-ago quarter.
  • Days sales of inventory at quarter-end was 122 days compared to 104 days in the previous quarter and 122 days in the year-ago quarter.

STMicroelectronics Announces Status of Common Share Repurchase Program

Retrieved on: 
Monday, April 22, 2024

AMSTERDAM – April 22, 2024 -- STMicroelectronics N.V. (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the “Program”) disclosed via a press release dated July 1, 2021. The Program was approved by a shareholder resolution dated May 27, 2021 and by the supervisory board.

Key Points: 
  • Disclosure of Transactions in Own Shares – Period from Apr 15, 2024 to Apr 19, 2024
    AMSTERDAM – April 22, 2024 -- STMicroelectronics N.V. (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the “Program”) disclosed via a press release dated July 1, 2021.
  • The Program was approved by a shareholder resolution dated May 27, 2021 and by the supervisory board.
  • The purpose of these transactions under article 5(2) of Regulation (EU) 596/2014 (the Market Abuse Regulation) was to meet obligations arising from debt financial instruments that are exchangeable into equity instruments.
  • Below is a summary of the repurchase transactions made in the course of the Period in relation to the ordinary shares of STMicroelectronics (ISIN: NL0000226223), in detailed form.

ROHM Group Company SiCrystal and STMicroelectronics Expand Silicon Carbide Wafer Supply Agreement

Retrieved on: 
Monday, April 22, 2024

Energy-efficient SiC power semiconductors enable electrification in the automotive and industrial sectors in a more sustainable way. By facilitating more efficient energy generation, distribution and storage, SiC supports the transition to cleaner mobility solutions, lower emissions industrial processes and a greener energy future, as well as more reliable power supplies for resource-intensive infrastructure like data centers dedicated to AI applications. More information about the advantages of SiC is available on ST.com: https://www.st.com/content/st_com/en/about/innovation---technology/SiC.html 

Key Points: 
  • Kyoto, Japan and Geneva, Switzerland, April 22, 2024 – ROHM (TSE: 6963) and STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced today the expansion of the existing multi-year, long-term 150mm silicon carbide (SiC) substrate wafers supply agreement with SiCrystal, a ROHM group company.
  • It helps strengthen our supply chain resilience for future growth, with a balanced mix of in-house and commercial supply across regions”.
  • “SiCrystal is a group company of ROHM, a leading company of SiC, and has been manufacturing SiC substrate wafers for many years.
  • said Dr. Robert Eckstein, President and CEO of SiCrystal, a ROHM group company.

STMicroelectronics Publishes 2024 Sustainability Report

Retrieved on: 
Tuesday, April 16, 2024

"Sustainability is at the heart of our value proposition, driving benefits for our company, customers, and society.

Key Points: 
  • "Sustainability is at the heart of our value proposition, driving benefits for our company, customers, and society.
  • “Together with our partners and empowered employees, we're accelerating sustainable transformation in technology and beyond."
  • It is aligned with Global Reporting Standards (GRI), Sustainability Accounting Standards Boards (SASB), and Task Force on Climate-Related Financial Disclosures (TCFD).
  • A third party has verified this report.

STMicroelectronics Announces Status of Common Share Repurchase Program

Retrieved on: 
Monday, April 15, 2024

AMSTERDAM – April 15, 2024 -- STMicroelectronics N.V. (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the “Program”) disclosed via a press release dated July 1, 2021. The Program was approved by a shareholder resolution dated May 27, 2021 and by the supervisory board.

Key Points: 
  • Disclosure of Transactions in Own Shares – Period from Apr 08, 2024 to Apr 12, 2024
    AMSTERDAM – April 15, 2024 -- STMicroelectronics N.V. (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the “Program”) disclosed via a press release dated July 1, 2021.
  • The Program was approved by a shareholder resolution dated May 27, 2021 and by the supervisory board.
  • The purpose of these transactions under article 5(2) of Regulation (EU) 596/2014 (the Market Abuse Regulation) was to meet obligations arising from debt financial instruments that are exchangeable into equity instruments.
  • Below is a summary of the repurchase transactions made in the course of the Period in relation to the ordinary shares of STMicroelectronics (ISIN: NL0000226223), in detailed form.

STMicroelectronics and Centrica Energy sign long-term agreement for the supply of electricity produced from renewable sources in Italy

Retrieved on: 
Thursday, April 11, 2024

The agreement is based on the sale by Centrica of approximately 61 GWh of renewable energy per year, produced by a new solar farm in Italy.

Key Points: 
  • The agreement is based on the sale by Centrica of approximately 61 GWh of renewable energy per year, produced by a new solar farm in Italy.
  • Starting in 2025, this PPA with Centrica will provide a significant level of renewable energy for ST’s operations in Italy, which includes R&D, design, sales and marketing and large-volume chip manufacturing.”
    Kristian Gjerløv-Juel, Vice President for Renewable Energy Trading & Optimisation, Centrica, said: “We’re pleased to have signed this agreement with STMicroelectronics.
  • Centrica Energy continues to expand its capabilities and through this collaboration we will bring renewable energy to one of Europe’s biggest technology companies.
  • This agreement is another example of how Centrica is developing powerful value propositions for partners and customers globally."

STMicroelectronics Announces Status of Common Share Repurchase Program

Retrieved on: 
Monday, April 8, 2024

AMSTERDAM – April 8, 2024 -- STMicroelectronics N.V. (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the “Program”) disclosed via a press release dated July 1, 2021. The Program was approved by a shareholder resolution dated May 27, 2021 and by the supervisory board.

Key Points: 
  • Disclosure of Transactions in Own Shares – Period from Apr 02, 2024 to Apr 05, 2024
    AMSTERDAM – April 8, 2024 -- STMicroelectronics N.V. (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the “Program”) disclosed via a press release dated July 1, 2021.
  • The Program was approved by a shareholder resolution dated May 27, 2021 and by the supervisory board.
  • The purpose of these transactions under article 5(2) of Regulation (EU) 596/2014 (the Market Abuse Regulation) was to meet obligations arising from debt financial instruments that are exchangeable into equity instruments.
  • Below is a summary of the repurchase transactions made in the course of the Period in relation to the ordinary shares of STMicroelectronics (ISIN: NL0000226223), in detailed form.

STMicroelectronics Announces Timing for First Quarter 2024 Earnings Release and Conference Call

Retrieved on: 
Thursday, April 4, 2024

Geneva – April 4, 2024 – STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced that it will release first quarter 2024 earnings before the opening of trading on the European Stock Exchanges on April 25, 2024.

Key Points: 
  • Geneva – April 4, 2024 – STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced that it will release first quarter 2024 earnings before the opening of trading on the European Stock Exchanges on April 25, 2024.
  • STMicroelectronics will conduct a conference call with analysts, investors and reporters to discuss its first quarter 2024 financial results and current business outlook on April 25, 2024 at 9:30 a.m. Central European Time (CET) / 3:30 a.m. U.S. Eastern Time (ET).
  • A live webcast (listen-only mode) of the conference call will be accessible at ST’s website, http://investors.st.com , and will be available for replay until May 10, 2024.

STMicroelectronics helps Panasonic Cycle Technology bring AI to e-assisted bikes for affordable safety boost

Retrieved on: 
Wednesday, April 3, 2024

ST’s edge AI solutions provide a tire pressure monitoring system (TPMS) that leverages an advanced AI function to improve rider safety and convenience.

Key Points: 
  • ST’s edge AI solutions provide a tire pressure monitoring system (TPMS) that leverages an advanced AI function to improve rider safety and convenience.
  • ST's edge AI development tool, STM32Cube.AI, enabled Panasonic to implement this edge AI function while fitting into STM32F3 embedded memory space.
  • This new function simplifies tire air-pressure maintenance, which enhances rider safety and prolongs the life of tires and other cycle components.
  • ST offers a comprehensive edge AI ecosystem for spreading edge AI to devices used in a wide range of scenarios.

STMicroelectronics Announces Status of Common Share Repurchase Program

Retrieved on: 
Monday, March 25, 2024

AMSTERDAM – March 25, 2024 -- STMicroelectronics N.V. (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the “Program”) disclosed via a press release dated July 1, 2021. The Program was approved by a shareholder resolution dated May 27, 2021 and by the supervisory board.

Key Points: 
  • Disclosure of Transactions in Own Shares – Period from Mar 18, 2024 to Mar 20, 2024
    AMSTERDAM – March 25, 2024 -- STMicroelectronics N.V. (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the “Program”) disclosed via a press release dated July 1, 2021.
  • The Program was approved by a shareholder resolution dated May 27, 2021 and by the supervisory board.
  • The purpose of these transactions under article 5(2) of Regulation (EU) 596/2014 (the Market Abuse Regulation) was to meet obligations arising from debt financial instruments that are exchangeable into equity instruments.
  • Below is a summary of the repurchase transactions made in the course of the Period in relation to the ordinary shares of STMicroelectronics (ISIN: NL0000226223), in detailed form.