STMicroelectronics Does Symmetrical Triangle Breakout

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STMicroelectronics confirmed a Symmetrical Triangle breakout on July 3, 2023. STM stock is in a technical uptrend.

finviz dynamic chart for  stm

STMicroelectronics is a multinational semiconductor company that designs, develops, manufactures, and markets a wide range of semiconductor products. The company provides a comprehensive portfolio of products including microcontrollers, power management integrated circuits (ICs), sensors, amplifiers, and other electronic components. STMicroelectronics serves various industries such as automotive, industrial, consumer electronics, telecommunications, and computer peripherals. Their products are used in applications like smart devices, Internet of Things (IoT) devices, automotive electronics, industrial automation, and power management systems. The company also offers software development tools, evaluation boards, and reference designs to support the development and implementation of their semiconductor products. Additionally, STMicroelectronics provides custom design and manufacturing services to meet specific customer requirements.

Dark Pool Trades In STM Stock

A $10 million dark pool trade occurred in STM stock on June 27, 2023. We think the dark pool trade was buying because of how STM stock rose following the print hitting the tape.

STM stock chart on July 4 2023 with dark pool trades shown with orange bars
STM stock chart on July 4, 2023, with dark pool trades shown with orange bars

Institutional investor ownership has increased by an incredible 40% over the previous 3-month period which supports the thesis that the dark pool trading in STM stock on June 27, 2023, was buying.

Airbus, STMicroelectronics collaborate for aircraft electrification

On June 20, 2023, Airbus (EADSY) and STMicroelectronics (STM) signed an agreement to cooperate on power electronics Research & Development to support more efficient and lighter power electronics, essential for future hybrid-powered aircraft and full-electric urban air vehicles. The collaboration builds on evaluations already conducted by both companies to explore the benefits of wide bandgap semiconductor materials for aircraft electrification. Wide bandgap semiconductors like Silicon Carbide and Gallium Nitride have superior electrical properties compared with traditional semiconductors like silicon. They enable the development of smaller, lighter and more efficient high-performance electronic devices and systems, particularly in applications requiring high power, high frequency, or high-temperature operations. The co-operation will focus on developing SiC and GaN devices, packages, and modules adapted for Airbus’ aerospace applications. The companies will assess these components by conducting advanced research and tests on demonstrators, such as e-motor control units, high and low voltage power converters, and wireless power transfer systems.

STMicroelectronics, TTTech collaborate on deep space solutions

On June 15, 2023, TTTech, and STMicroelectronics announce collaboration in the space sector. TTTech’s networking components and platform solutions, based on ST chips, are deployed in space industry commercial and exploration programs. After the first variant of TTTech’s and ST’s codeveloped chip was selected for the Ariane 6 launcher program, a second variant, tailored for the very harsh constraints of deep space, is being implemented in modules of the Gateway space station, a part of NASA’s Artemis program.

“We are witnessing a new space era. The space market has captured lots of commercial funding and benefits from increased governmental spending. There is a growing demand for satellite constellations providing global internet connection and earth observation. At the same time, international cooperation, such as NASA Artemis and programs like the Gateway space station, are pushing space travel and new industries and projects, such as Moon habitation and rovers. They also foster the need for high-tech, safe, and secure digital communication solutions, which is our core competence. TTTech is proud to be on board of such missions and to work with a leading technology company like STMicroelectronics to shape the future of the space market,” says Georg Kopetz, CEO TTTech.

“Cutting-edge technology is a must for a vision of connected deep space to become a reality. ST’s chips power Space industry through collaboration with space agencies and market leaders, such as TTTech. As part of this collaboration, we are bringing two innovative variants of the same chip, enabling both short-lived but tough launcher’s reliability conditions and missions lasting over 15 years in very harsh constraints of deep space,” adds Vincent Fraisse, RF & Communication Division General Manager, STMicroelectronics. “As an integrated device manufacturer, ST provides this transforming market with decades of high-reliability semiconductor expertise and its customers with security of supply with its Europe-based front-end and back-end manufacturing.”

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