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 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 ...

Jean-Marc Chery STMicroelectronics N.V. (NYSE:STM) Q2 2023 Earnings Call July 27, 2023 3:30 AM ET Company Participants Celine Berthier - Group Vice President, Head of Investor Relations Jean-Marc Chery - President and Chief Executive Officer Lorenzo Grandi - President of Finance, Purchasing, ERM and Resilience and Chief Financial Officer Conference Call Participants Jérôme Ramel - Exane Francois Bouvignies – UBS Johannes Schalle - Deutsche Bank Aleksander Peterc - Société Générale Andrew Gardiner - Citi Jos ...

UNITED STATES SECURITIESAND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April, 2023 Commission File Number: 1-13546 STMicroelectronics N.V. (Name of Registrant) WTC Schiphol Airport Schiphol Boulevard 265 1118 BH Schiphol Airport The Netherlands (Address of Principal Executive Offices) Indicate by check mark whether the registrant files or will file annual reports under cover ...

STMicroelectronics NV (NYSE:STM) Q1 2023 Earnings Conference Call April 26, 2023 3:30 AM ET Company Participants Celine Berthier - Group VP, IR Jean-Marc Chery - President & CEO Lorenzo Grandi - President, Finance, Purchasing, ERM & Resilience and CFO Conference Call Participants Didier Scemama - Bank of America Matthew Ramsay - TD Cowen Stephane Houri - ODDO BHF Andrew Gardiner - Citigroup Sebastien Sztabowicz - Kepler Cheuvreux Lee Simpson - Morgan Stanley Operator Ladies and gentlemen, welcome to the STM ...

Customer Dependence and Market Dynamics - The largest customer, Apple, accounted for 16.8% of total revenues in 2022[81] - The company faces significant variability in operating results due to factors such as customer demand changes and competition[59] - The company’s ability to attract and retain customers is critical, with potential adverse effects from market declines[80] - Changes in customer product strategies and specifications could impact the company’s financial position and results[82] Manufacturing and Operational Challenges - Manufacturing capacity limitations due to increased demand and COVID-19 disruptions are expected to continue through 2023[60] - The complexity and cost of manufacturing processes may lead to increased costs and delivery delays[61] - The reliance on external silicon foundries may lead to challenges in meeting customer demand and operational commitments[60] Cybersecurity and Risk Management - The company is exposed to risks from cybersecurity threats, which could result in financial loss and damage to reputation[69] - The company has increased resources for cybersecurity measures, but absolute security cannot be guaranteed[74] Strategic Repositioning and Financial Implications - Strategic repositioning initiatives may lead to acquisitions of complementary businesses or divestitures of non-core activities[83] - Acquisitions and divestitures pose risks that could adversely affect the company's operating results and financial condition, including potential impairment charges[86] - The company is actively monitoring its product portfolio and may require additional steps in its strategic repositioning process[85] Environmental and Regulatory Considerations - The company aims to become carbon neutral by 2027, targeting a 50% reduction in greenhouse gas emissions by 2025 compared to 2018 levels[107] - The company faces potential liabilities from environmental regulations, which could increase operational costs[106] - The company is exposed to risks from climate change, which may affect its supply chain and operational stability[109] Taxation and Financial Reporting - The company is subject to complex tax regimes, and changes in tax rules could materially affect its financial results[94] - The company’s effective tax rate may increase due to changes in local jurisdictions or the expiration of tax benefits[97] - The company is required to report financial statements under both IFRS and U.S. GAAP, which may create complexity and confusion in financial communications[120][121] Shareholder Structure and Governance - STMicroelectronics Holding N.V. owns approximately 27.5% of the company's issued common shares, which may lead to potential conflicts of interest with other investors[114] - The company’s shareholder structure may limit its ability to issue new shares or buy back shares due to the controlling interests of ST Holding[116] - The STH Shareholders Agreement requires unanimous approval for voting shares, potentially leading to conflicts between the interests of ST Holding's shareholders and other investors[115] - The company has anti-takeover provisions that may impede shareholders' ability to benefit from a change in control, potentially affecting the market price of ordinary shares[117][118] - The company is subject to Dutch corporate law, which may make it more difficult for U.S. investors to protect their interests compared to U.S. companies[123] Human Resources and Market Conditions - The company faces challenges in employee recruitment and retention due to a competitive environment exacerbated by the COVID-19 pandemic[112][113] Financial Performance and Market Impact - Any reduction or discontinuation of cash dividends could adversely impact the market price of the company's common shares[119] - The company is obligated to have an audit of its sustainability information, which could impact its reputation and financial performance if metrics are lower than industry peers[110] - The company’s executive offices and substantial assets are located outside the U.S., complicating legal actions for shareholders[124]

STMicroelectronics NV (NYSE:STM) Q4 2022 Earnings Conference Call January 26, 2023 3:30 AM ET Company Participants Celine Berthier - Group VP, IR Jean-Marc Chery - President & CEO Lorenzo Grandi - President, Finance, Purchasing, ERM & Resilience and CFO Conference Call Participants Aleksander Peterc - Societe Generale Didier Scemama - Bank of America Merrill Lynch Francois Bouvignies - UBS Andrew Gardiner - Citigroup Sandeep Deshpande - JPMorgan Chase & Co. Operator Ladies and gentlemen, welcome to the STMi ...