STMicroelectronics Files 6-K Report

TL;DR

STM files 6-K, confirming foreign private issuer status and 20-F annual report filing.

AI Summary

STMicroelectronics N.V. filed a Form 6-K on May 3, 2024, reporting information as of March 30, 2024. The filing is a report of a foreign private issuer and indicates the company files annual reports under Form 20-F. The company's principal executive offices are located in Schiphol Airport, The Netherlands.

Why It Matters

This filing provides an update on STMicroelectronics' reporting status as a foreign private issuer, which is relevant for investors tracking regulatory compliance and financial reporting structures.

Risk Assessment

Risk Level: low — This filing is a routine regulatory disclosure and does not contain new financial results or significant operational updates.

Key Players & Entities

• STMicroelectronics N.V. (company) — Registrant
• 0001628280-24-020296 (filing_id) — Accession Number
• May 3, 2024 (date) — Filing Date
• March 30, 2024 (date) — Report Period End Date
• Schiphol Airport, The Netherlands (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $138 billion — y 8% for our SAM to reach approximately $138 billion and $59 billion, respectively. On a yea
• $59 b — to reach approximately $138 billion and $59 billion, respectively. On a year-over-yea
• $3,465 m — t quarter 2024 net revenues amounted to $3,465 million, decreasing 19.1% sequentially, a
• $1.09 — rate for the first quarter of 2024 was $1.09 for 1.00, compared to $1.08 in the four
• $1.08 — of 2024 was $1.09 for 1.00, compared to $1.08 in the fourth quarter of 2023 and $1.06
• $1.06 — $1.08 in the fourth quarter of 2023 and $1.06 in the first quarter of 2023. For a mor
• $1,444 million — first quarter of 2024 gross profit was $1,444 million and gross margin was 41.7%, 60 bps lowe
• $953 m — development ("RD") expenses amounted to $953 million, compared to $937 million and $90
• $937 million — s amounted to $953 million, compared to $937 million and $900 million in the prior and year-
• $900 million — 3 million, compared to $937 million and $900 million in the prior and year-ago quarters, res
• $16 m — basis, operating expenses increased by $16 million, mainly due to higher levels of R
• $53 m — basis, operating expenses increased by $53 million, mainly due to higher cost of lab
• $60 million — r income and expenses, net, amounted to $60 million income, increasing by $ 49 million sequ
• $69 million — easing by $ 49 million sequentially and $69 million on a year-over-year basis, mainly due t
• $551 m — arter of 2024, our operating income was $551 million, equivalent to 15.9% of net reven

Filing Documents

• stm-6k_20240502.htm (6-K) — 1251KB
• stm-ex12_1xq124.htm (EX-12.1) — 11KB
• stm-ex12_2xq124.htm (EX-12.2) — 12KB
• stm-ex13_1xq124.htm (EX-13.1) — 9KB
• image_1.jpg (GRAPHIC) — 8KB
• image_4.jpg (GRAPHIC) — 11KB
• 0001628280-24-020296.txt ( ) — 1311KB

From the Filing

Document UNITED STATES SECURITIES AND 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 Report on Form 6-K dated May 3, 2024 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 of Form 20-F or Form 40-F Form 20-F T Form 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) Yes No T Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) Yes No T Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934 Yes No T If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b) 82- __________ Enclosure STMicroelectronics N.V.'s First Quarter and Three Months ended March 30, 2024 Operating and Financial Review and Prospects Unaudited Interim Consolidated Statements of Income, Statements of Comprehensive Income, Balance Sheets, Statements of Cash Flows, and Statements of Equity and related Notes for the three and three months ended March 30, 2024 and Certifications pursuant to Sections 302 (Exhibits 12.1 and 12.2) and 906 (Exhibit 13.1) of the Sarbanes-Oxley Act of 2002, submitted to the Commission on a voluntary basis. 1 OPERATING AND FINANCIAL REVIEW AND PROSPECTS Overview The following discussion should be read in conjunction with our Unaudited Interim Consolidated Statements of Income, Statements of Comprehensive Income, Balance Sheets, Statements of Cash Flows and Statements of Equity as of March 30, 2024 and for the three months ended March 30, 2024 and Notes thereto included elsewhere in this Form 6-K, and our annual report on Form 20-F as of December 31, 2023 and for the year ended December 31, 2023 as filed with the U.S. Securities and Exchange Commission (the "Commission" or the "SEC") on February 22, 2024 (the "Form 20-F"). The following discussion contains 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, particularly in the sections "Business Overview" and "Liquidity and Capital Resources—Financial Outlook Capital Investment". Our actual results may differ significantly from those projected in the forward-looking statements. For a discussion of factors that might cause future actual results to differ materially from our recent results or those projected in the forward-looking statements in addition to the factors set forth below, see "Cautionary Note Regarding Forward-Looking Statements" and "Item 3. Key Information—Risk Factors" included in the Form 20-F. We assume no obligation to update the forward-looking statements or such risk factors. Our Management's Discussion and Analysis of Financial Position and Results of Operations ("MDA") is provided in addition to the accompanying Unaudited Interim Consolidated Financial Statements ("Consolidated Financial Statements") and Notes to assist readers in understanding our results of operations, financial condition and cash flows. Our MDA is organized as follows Critical Accounting Policies using Significant Estimates. Business Overview, a discussion of our business and overall analysis of financial and other relevant highlights for the three months ended March 30, 2024, designed to provide context for the other sections of the MDA, including our expectations for selected financial items for the second quarter of 2024. Other Developments. Results of Operations, containing a year-over-year and sequential analysis of our financial results for the three months ended March 30, 2024, as well as segment information. Legal Proceedings. Discussion on the impact of changes in exchange rates, interest rates and equity prices on our activity and financial results. Liquidity and Capital Resources, presenting an analysis of changes in our balance sheets and cash flows, and discussing our financial condition and potential sources of liquidity. Impact of Recently Issued U.S. Accounting Standards. Backlog and Customers, discussing the level of backlog and sales to our key customers. Disclosure Controls and Procedures. Other reviews. Cautionary Note Regarding Forward-Looking Statements. At STMicroelectronics N.V. ("ST" or the "Company"), we are over 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufactu

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