STMicroelectronics and Qualcomm Unveil New IoT Module to Enhance Connectivity

Strategic Partnership Develops Cutting-Edge Solutions

On Wednesday, semiconductor contract manufacturing leader STMicroelectronics NV STM announced the launch of its first product from its collaboration with wireless technology giant Qualcomm Inc QCOM. This innovation aims to streamline the creation of advanced wireless solutions for both industrial and consumer IoT applications.

The partnership focuses on creating internet-of-things (IoT) modules that leverage STMicroelectronics’ ecosystem alongside Qualcomm Technologies’ wireless connectivity capabilities.

The initial module features a Qualcomm multiprotocol connectivity system-on-a-chip (SoC). It comes equipped with Wi-Fi 6, Bluetooth 5.3 qualifications, and Thread combo technology, making it easy to integrate with any STMicroelectronics microcontroller (MCU) or microprocessor (MPU).

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This module is designed to support the Matter protocol over Wi-Fi, ensuring future-proof connectivity.

Moreover, it is integrated with a 4MB Flash for code and data storage, and a 40MHz crystal to assist in system integration. Users can choose between an onboard PCB antenna or a micro RF (uFL) connector for an external antenna.

In October, STMicroelectronics and Qualcomm initiated their partnership, aiming to integrate AI-driven wireless connectivity with STMicroelectronics’ microcontroller ecosystem, specifically for IoT.

At the Capital Markets Day held in November, STMicroelectronics reiterated its commitment to achieving over $20 billion in revenue, with gross margins approaching 50% and operating margins exceeding 30% by 2030. The company also provided an interim financial forecast for 2027-2028, predicting ~$18 billion in revenues, gross margins between 44%-46%, and operating margins of 22%-24%. For the fourth quarter, STMicroelectronics projects a revenue of $3.32 billion, which aligns with consensus expectations.

During Qualcomm’s 2024 Investor Day in November, the company projected a total addressable market (TAM) reaching $900 billion by 2030. Growth is anticipated from connected edge devices and expansions in the IoT and automotive sectors. Qualcomm is targeting combined revenues of $22 billion from its automotive and IoT divisions by fiscal 2029. They expect first-quarter revenues between $10.5 billion and $11.3 billion, slightly below the average analyst estimate of $10.9 billion.

Market Movements: As of the latest check on Wednesday, STM stock is trading up 0.46% at $26.44 in premarket activity. QCOM shares have risen 0.73%.

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