STMicroelectronics NVNYSE: STM

STMicroelectronics Announces Status of Common Share Repurchase Program Disclosure of Transactions in Own Shares – Period from June 17, 2024 to June 19, 2024 AMSTERDAM – June 24, 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.

PR N° C3267C STMicroelectronics Announces Completion of its 2021 Share Buy-back Programs and Launch of a new 3 Year $1,100 million Share Buy-Back Plan in 2024 AMSTERDAM – June 21st, 2024 -- STMicroelectronics N.V. (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces: (A) the completion of the 3Y share buy-back programs of $1,040 million (the "Completed Buy-Backs") initiated in 2021 and (B) the launch of a new share buy-back plan comprising two programs, totalling up to $1,100 million to be executed within a 3-year period (subject to shareholder and other approvals from time to time) (the "New Buy-Backs").

STMicroelectronics has shown remarkable growth in the SiC market, outpacing the overall market with a 40% average growth rate. The company has gained significant market share in the MCU market, becoming the market leader with a 17.3% share. STMicro's focus on industrial MCUs has also contributed to its competitiveness in the non-automotive MCU market, where it is the market leader with a 22.29% share.

PR N° C3262C STMicroelectronics to build the world's first fully integrated silicon carbide facility in Italy New high-volume 200mm silicon carbide manufacturing facility for power devices and modules, as well as test and packaging, to be built in Catania, Italy Projected 5 billion euros multi-year investment program including 2 billion euros support provided by the State of Italy in the framework of the EU Chips Act Catania Silicon Carbide Campus realizes ST's plan for fully vertically integrated SiC capabilities from R&D to manufacturing, from substrate to module, on one site, enabling automotive and industrial customers in their shift to electrification and higher energy efficiency. Geneva, Switzerland, May 31, 2024 – STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announces a new high-volume 200mm silicon carbide (“SiC”) manufacturing facility for power devices and modules, as well as test and packaging, to be built in Catania, Italy.

STMicroelectronics Announces Status of Common Share Repurchase Program Disclosure of Transactions in Own Shares – Period from May 20, 2024 to May 24, 2024 AMSTERDAM – May 27, 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.

Although the technology sector seemingly appeared stretched, its continued impressive performance may warrant a reconsideration of semiconductor stocks to buy. Stated bluntly, concerns that the innovation space lost its touch may have been overblown.

STMicroelectronics N.V. (NYSE:STM) Q1 2024 Earnings Conference Call on April 25, 2024 at 3:30 AM ET with Company Participants Celine Berthier, Jean-Marc Chery, and Lorenzo Grandi, along with Conference Call Participants Joshua Buchalter, Stephane Houri, Francois Bouvignies, Didier Scemama, Sandeep Deshpande, Jerome Ramel. Welcome to the STMicroelectronics First Quarter 2024 Earnings Release Conference Call and Live Webcast.

Swiss chipmaker STMicroelectronics reduced its forecast for 2024 on Thursday, citing a downturn in the automotive sector that is expected to impact its annual revenue.

STMicroelectronics reduced its sales forecast for the year due to lower-than-expected first-quarter revenue, as demand for chips in the automotive industry declined.