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. Call it normalcy bias if you want. However, semiconductor stalwart Nvidia (NASDAQ:NVDA) proved once again that you can't cast doubt on its business. Ahead of its much anticipated and super-critical earnings report, the company showed a more than 400% increase i ...

STMicroelectronics Announces Status of Common Share Repurchase Program Disclosure of Transactions in Own Shares – Period from May 13, 2024 to May 17, 2024 AMSTERDAM – May 20, 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 sharehold ...

意法半导体（STM）FY2024Q1 业绩点评及法说会纪要 会议时间：2024 年 4 月 25 日 会议纪录 | --- | --- | --- | |-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Celine Berthier - Group VP, IR Jean-Marc Chery - President & CEO Lorenzo Grandi - CFO, President of Finance, Purchasing, ERM & Resilience Ladies and gentlemen, welcome to the STMicroelectronics First Quarter 2024 Earnings Release Conference Call and Live Webcast. I am Moira, the Chorus Call operator. I would like to remind that, all participants will be in a listen-only mode and the conference has been recorded. The presentation will be followed by a Q&A session. [Operator Instructions] The conference must ...

Financial Performance and Risks - In 2023, the largest customer, Apple, accounted for 12.3% of the company's total revenues, indicating a significant reliance on key customers [76]. - The company may experience significant variability in operating results due to factors such as changes in demand from key customers, capital requirements, and competition, which could adversely affect revenues and profitability [56]. - The company’s ability to forecast production levels and revenues may be hindered by industry overcapacity and customer difficulties, leading to potential cancellations or reductions in orders [56]. - Changes in customer product strategies and specifications may affect the company's ability to retain existing customers and attract new ones, impacting financial performance [77]. - Acquisitions and divestitures pose risks that could adversely affect the company's operating results and financial condition, including potential integration challenges and goodwill impairment [80]. - The company may incur additional unforeseen costs if collaborations for technology development do not meet intended goals [84]. - The company’s effective tax rate may fluctuate due to changes in local tax laws and the outcome of tax audits, potentially impacting its financial results [93]. - The company is monitoring the tax implications of the OECD's Pillar I and Pillar II rules, which could affect its tax position starting in 2024 [92]. - Any reduction or discontinuation of cash dividends could negatively impact the market price of the company's common shares [111][112]. Operational Challenges - Manufacturing processes are highly complex and costly, with potential vulnerabilities to impurities and disruptions that can significantly increase costs and delay product shipments [58]. - The company is exposed to risks related to interruptions in manufacturing processes, which could have a material adverse effect on business and financial condition [60]. - The company faces challenges in hiring and retaining qualified employees, which could adversely affect future growth [105][106]. - The company may face challenges in retaining customers and integrating acquired businesses, which could impact its market position [82]. Strategic Initiatives - The company has undertaken strategic repositioning initiatives, including potential acquisitions and divestitures, to improve financial results and operational scale [78]. - The company is actively monitoring its product portfolio and may require additional steps in its strategic repositioning process [79]. - The company relies on collaborations with other semiconductor industry players for R&D, which are crucial for timely introduction of innovative products and technologies [83]. Environmental and Regulatory Factors - The company has set a goal to become carbon neutral by 2027, with specific targets including a 50% reduction in greenhouse gas emissions by 2025 compared to 2018 levels [101]. - The company is subject to various environmental regulations that could increase manufacturing costs and expose it to liabilities [100]. - Changes in public funding, such as those from the European Chips Act, could affect the company's R&D investments and overall financial performance [99]. - The EU Taxonomy Regulation requires the company to disclose the extent of its activities associated with environmentally sustainable economic activities, effective from July 12, 2020 [103]. - The Corporate Sustainability Reporting Directive (CSRD) strengthens rules on social and environmental reporting, applicable from financial year 2024, and mandates an audit of sustainability information [104]. - The company is exposed to physical risks from climate change, including chronic and acute risks, which may impact operations and supply chain [103]. Governance and Shareholder Relations - As of December 31, 2023, STMicroelectronics Holding N.V. owns approximately 27.5% of the company's issued common shares, potentially influencing shareholder meeting decisions [107]. - The STH Shareholders Agreement may create conflicts of interest between the company's interests and those of its controlling shareholders, affecting share issuance and buyback capabilities [108]. - The company's corporate governance is subject to Dutch law, which may pose challenges for U.S. investors in protecting their interests [116]. - The lack of a treaty between the U.S. and The Netherlands for reciprocal recognition of judgments may complicate legal enforcement for U.S. investors [118]. Cybersecurity and Quality Risks - The company faces cybersecurity threats that could adversely impact business operations and financial results, necessitating increased investment in security measures [64]. - There is a risk of quality problems that could lead to decreased sales, operating margins, and potential product liability claims [61]. - The dual reporting under IFRS and U.S. GAAP may complicate financial communications and lead to confusion regarding financial performance [113][114].

STMicroelectronics N.V. (NYSE:STM) Q4 2023 Earnings Conference Call January 25, 2024 3:30 AM ET Company Participants Celine Berthier - Group Vice President, Investor Relations Jean-Marc Chery - President & Chief Executive Officer Lorenzo Grandi - Chief Financial Officer, President of Finance, Purchasing, ERM & Resilience Conference Call Participants Francois Bouvignies - UBS Jerome Ramel - BNP Paribas Exane Gianmarco Bonacina - Equita Joshua Buchalter - TD Cowen Lee Simpson - Morgan Stanley Sandeep Deshpand ...

| --- | --- | |---------------------------------------------------|-------| | | | | | | | | | | STMicroelectronics Q4 & FY 2023 Financial Results | | | January 25, 2023 | | Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities Exchange Act of 1934, each as amended) that are based on management's current views and ...

STMicroelectronics Announces Timing for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call Geneva – January 5, 2024 – STMicroelectronics (NYSE:STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced today that it will release its fourth quarter and full year 2023 earnings before the opening of trading on the European Stock Exchanges on Thursday, January 25, 2024. The press release will be available immediately after the release on ...

Company Participants Conference Call Participants Operator At this time, it's my pleasure to hand over to, Celine Berthier, Head of Investor Relations. Please go ahead, madam. Thank you, Andre. Good morning and thank you, everyone, for joining our third quarter 2023 financial results conference call. Hosting the call today is Jean-Marc Chery, ST's President and Chief Executive Officer. Joining Jean-Marc on the call today are Lorenzo Grandi, our Chief Financial Officer; and Marco Cassis, President of Analog, ...

| --- | --- | |----------------------------------------------|-------| | | | | | | | STMicroelectronics Q2 2023 Financial Results | | | July 27, 2023 | | • changes in global trade policies, including the adoption and expansion of tariffs and trade barriers, that could affect the macro-economic environment and adversely impact the demand for our products; • uncertain macro-economic and industry trends (such as inflation and fluctuations in supply chains), which may impact production capacity and end-market d ...