STMicroelectronics makes acquisitions to further strengthen the wireless connectivity capabilities of STM32 microcontrollers
July 16 2020 - 9:00AM
PR N°: C2963C
STMicroelectronics makes
acquisitions to further strengthen the wireless connectivity
capabilities of STM32 microcontrollers
Acquisitions extend ST connectivity solutions
offer to Narrow Band Cellular and Ultra-Wide Band technologies
Geneva, Switzerland, July 16, 2020
– STMicroelectronics (NYSE: STM), a
global semiconductor leader serving customers across the spectrum
of electronics applications, today announced the signing of two
M&A agreements related to the acquisitions of the entire share
capital of Ultra Wide Band specialist BeSpoon and of the cellular
IoT connectivity assets of Riot Micro. After closing of the two
transactions, subject to customary regulatory approvals, ST will
further strengthen its offer for wireless connectivity and, in
particular, the roadmap for its STM32 microcontrollers and secure
MCUs.
BeSpoon, based in Le Bourget du Lac, France, is a fabless
semiconductor company founded in 2010 and specialized in Ultra Wide
Band (UWB) communications technology. Their technology enables
secure real-time indoor location with centimeter accuracy in
environments under adverse conditions. The integration of this key
secure positioning technology in the STM32 product portfolio will
enable developers of IoT, automotive and mobile communication
applications to provide services such as secure access, and precise
indoor & outdoor mapping. ST will acquire BeSpoon from its
majority shareholder, TRUMPF, and from its founders. In parallel
with the transaction, ST and TRUMPF will enter into a strategic
partnership for UWB tracking technology.
Riot Micro, based in Vancouver, Canada, designs cellular IoT
solutions by applying proven design techniques from Bluetooth Low
Energy (BLE) and Wi-Fi to LTE Cat-M and NB-IoT to optimize system
cost and power. The integration of cellular communication
capabilities into the STM32 portfolio will strengthen ST’s offer
for customers developing applications such as asset tracking,
metering, and fleet management services.
The terms of the transactions were not disclosed.
“At ST we work to offer our customers the
products and solutions they need in order to address their
opportunities and challenges. Cellular IoT and UWB technologies are
key wireless connectivity solutions that will enable a next wave of
IoT connected objects and innovative applications," said Claude
Dardanne, President, Microcontrollers and Digital ICs Group, at
STMicroelectronics. "These acquisitions complement ST’s existing
wireless microcontroller offer which includes Bluetooth 5.0 and
IEEE 802.15.4 communication protocols as well as the world’s first
LoRa®-enabled System-on-Chip. Wireless microcontrollers are part of
our STM32 product offer of over 1000 different devices and with
over six billion parts shipped to customers. With these
acquisitions, we will address all wireless IoT communication
protocols.”
Cautionary Information Regarding Forward-Looking
StatementsSafe Harbor Statement Under the Private
Securities Litigation Reform Act of 1995: Any statements set forth
above that are not historical facts are forward-looking statements,
including any statements regarding our future results of operations
and financial positions, business strategy, plans and objectives
for future operations, involve risks and uncertainties that could
cause actual results to differ materially from those in the
forward-looking statements. These statements are only
predictions, reflect our current beliefs and expectations with
respect to future events, and are based on assumptions, subject to
risk and uncertainties, and subject to change at any time.
Potential risks and uncertainties include, but are not limited to,
such factors as: the possibility that the transaction may not be
consummated, including as a result of any of the conditions
precedent; the risk that the expected benefits of the acquisition
may not be realized; difficulties in retaining employees following
the acquisition; difficulties in expanding facilities and
transferring IP and know-how; diversion of our management’s
attention from the management of our business; and the impact of
competition and other risk factors relating to our industry and
business as detailed from time to time in our filings with the
United States Securities and Exchange Commission.
About STMicroelectronicsAt ST, we are
46,000 creators and makers of semiconductor technologies mastering
the semiconductor supply chain with state-of-the-art manufacturing
facilities. An independent device manufacturer, we work with our
100,000 customers and thousands of partners to design and build
products, solutions, and ecosystems that address their challenges
and opportunities, and the need to support a more sustainable
world. Our technologies enable smarter mobility, more efficient
power and energy management, and the wide-scale deployment of the
Internet of Things and 5G technology. Further information can be
found at www.st.com.
For further information, please
contact:INVESTOR RELATIONS:Céline
BerthierGroup VP, Investor RelationsTel :
+41.22.929.58.12celine.berthier@st.com
MEDIA RELATIONS:Alexis BretonDirector, PR &
Media OperationsTel: + 33 6 59 16 79
08alexis.breton@st.com
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