STMicroelectronics NV

STMPA: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€98.00	Ljhfkx	Ycyvxzdsz

STMicro Has Grand Financial Ambitions, but Secular Tailwinds at Its Back; FVEs of $50 and EUR 50

Brian Colello

Oct 28, 2022

Business Strategy and Outlook

STMicroelectronics is one of Europe's largest chipmakers and holds one of the broadest product portfolios in the industry. We are pleased to see the company make structural improvements to its product mix and 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, sensors, and automotive products, including silicon carbide-based semiconductors.

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