STMicroelectronics NV ADR

STM: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$99.00	Nxhrmcc	Qghfmfxn

STMicro Should Drive Past Near-Term Automotive Weakness

Brian Colello

Jul 25, 2024

Business Strategy and Outlook

STMicroelectronics is one of Europe's largest chipmakers and holds one of the broadest product portfolios in the industry. The company has made structural improvements to its product mix and gross margin profile, which has allowed it to carve out a narrow economic moat. We think ST has some promising growth opportunities on the horizon in microcontrollers and automotive products, including silicon carbide-based semiconductors.

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