STMicroelectronics NVNYSE: STM

STMicroelectronics' new targets are well below previous estimates. The company indicates that Q1 2025 sales are weaker than anticipated, with a potential H2 recovery. Before re-priced for positive earnings changes, we decided to wait-and-see. STM's share price has declined by almost 50% year-to-date, prompting a cautious 12-month outlook and a revision of 2025 valuation numbers.

The chief executive of European computer chipmaker STMicroelectronics on Wednesday announced new plans to partner with Chinese foundry Hua Hong , arguing that having local manufacturing in China is vital to its competitive position.

The Tesla supplier expects more than $20 billion in sales by the end of the decade, delaying a target it hoped to hit much earlier.

STMicroelectronics (ST) said on Wednesday it will stand by the 2030 targets plan it laid out in 2022, despite three outlook cuts this year amid a slump in markets for the industrial and automotive chips it makes.

PR No: C3296C STMicroelectronics Outlines 2027-2028 Financial Model and Path Towards 2030 Ambition Setting an intermediate financial model: ~$18B revenues and 22-24% operating margin in 2027-2028 Reiterating $20B+ revenue ambition and associated financial model, now expected to be reached by 2030 Geneva, November 20, 2024 - STMicroelectronics (NYSE:STM), a global semiconductor leader serving customers across the spectrum of electronics applications, is hosting today its Capital Markets Day in Paris, France. Within the framework of an unchanged strategy, ST is reiterating its $20 billion plus revenue ambition and associated financial model, that it now expects to be reached by 2030.

STMicroelectronics Announces Status of Common Share Repurchase Program Disclosure of Transactions in Own Shares – Period from Nov 11, 2024 to Nov 15, 2024 AMSTERDAM – November 18, 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 June 21, 2024.

STMicroelectronics Announces Status of Common Share Repurchase Program Disclosure of Transactions in Own Shares – Period from Nov 04, 2024 to Nov 08, 2024 AMSTERDAM – November 11, 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 June 21, 2024.

STMicroelectronics has struck a long-term solar energy deal with joint venture BKH Solar to power its test and assembly site in southern Malaysia, the chipmaker said on Thursday.

STMicroelectronics N.V. (NYSE:STM ) Q3 2024 Earnings Conference Call October 31, 2024 4:30 AM ET Company Participants Celine Berthier - Group Vice President, Head of Investor Relations Jean-Marc Chery - President & CEO Jerome Ramel - EVP Corporate Development & Integrated External Communication Lorenzo Grandi - President and Chief Financial Officer Marco Cassis - President, Analog, Power & Discrete, MEMS and Sensors Group, Head of STMicroelectronics' Strategy, System Research and Applications, Innovation Office Conference Call Participants Francois-Xavier Bouvignies - UBS Sandeep Deshpande - JPMorgan Lee Simpson - Morgan Stanley Didier Scemama - Bank of America Gianmarco Bonacina - Banca Akros Stephane Houri - Oddo BHF Joshua Buchalter - TD Cowen Operator Ladies and gentlemen, welcome to the STMicroelectronics Third Quarter 2024 Earnings Release Conference Call and Live Webcast.