STMicro launches 'edge' AI microcontroller
STMicroelectronics , one of Europe's biggest computer chip companies, has launched a new series of microcontrollers, its first for so called edge AI and machine learning.
STMicroelectronics: The Worst Has Been Priced In, Initiating With 'Buy'
STMicroelectronics faces significant challenges in FY 2024 but is expected to return to growth in H2 FY 2025, justifying a "buy" rating. STM's diverse product portfolio includes power chips, analog chips, MCUs, MPUs, and MEMS, serving automotive, industrial, and personal electronics sectors. Despite a 50% stock decline in 2024, STM trades at a 40% discount to sector median, offering substantial upside potential with a target price of $55-60 per share.
Can STM's Partnership With Renault's Ampere Push the Stock Upward?
STMicroelectronics' multi-year partnership with Renault Group is expected to further broaden STM's capabilities and offer a diverse portfolio.
STMicroelectronics Plunges 51% YTD: Time to Hold or Fold the Stock?
STM's enhanced product offerings and low price bode well for investors, despite weakness in the Industrial and Automotive end markets.
STMicroelectronics N.V. (STM) CEO Jean-Marc Chery Hosts Morgan Stanley European Technology, Media & Telecom Conference (Transcript)
STMicroelectronics N.V. (NYSE:STM ) Morgan Stanley European Technology, Media & Telecom Conference Call November 22, 2024 4:40 AM ET Company Participants Jean-Marc Chery - Chief Executive Officer Lorenzo Grandi - Chief Financial Officer Unidentified Analyst Okay.
STMicroelectronics: Headwind In 2025 And Lower Long-Term Targets
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.
STMicro partners with Hua Hong as chipmakers need China, says CEO
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.
STMicroelectronics Sees Slowing Sales Growth Amid Chip Market Woes
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 maintains 2030 targets
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.
STMicro strikes long-term solar deal for Malaysia chipmaking unit
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. (STM) Q3 2024 Earnings Call Transcript
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.
STMicroelectronics trims 2024 revenue outlook again
STMicroelectronics , Europe's largest chipmaker by revenue, on Thursday said its full-year revenue would come at the low end of its earlier guidance range, its third cut to the outlook this year.
