STMicroelectronics ( (STM) ) just unveiled an update.
On March 31, 2025, STMicroelectronics and Innoscience announced a joint development agreement to advance GaN technology for power electronics. This collaboration aims to enhance GaN power solutions and supply chain resilience, allowing both companies to leverage each other’s manufacturing capacities in Europe and China. The agreement is expected to accelerate the adoption of GaN technology across various sectors, including consumer electronics, automotive, and renewable energy, thereby improving system efficiency and reducing costs and carbon emissions.
More about STMicroelectronics
STMicroelectronics is a global leader in the semiconductor industry, offering a wide range of products and solutions that enable smarter mobility, efficient power and energy management, and the deployment of cloud-connected autonomous technologies. The company is committed to sustainability, aiming for carbon neutrality and 100% renewable electricity sourcing by 2027.
YTD Price Performance: -11.77%
Average Trading Volume: 7,197,769
Technical Sentiment Signal: Buy
Current Market Cap: $19.41B
Learn more about STM stock on TipRanks’ Stock Analysis page.