STMicroelectronics (STM) recently launched the ST2100 STreamPlug System-on-Chip (SoC), which is the world’s first intelligent-gateway SoC. It is likely to find wide usage in applications where high computation is required, like consumer, industrial and smartgrid applications.
The ST2100 has a memory management unit (MMU) that allows virtual memory management, making it compliant with the Linux operating system. The device is being used to power products co-developed by StreamPlug and Tatung, some of the leading electronics companies for smart-home solutions.
The joint venture between StreamPlug and Tatung has led to many innovations like Tatung’s Gateway One home networking hub and other smart-energy devices. Tatung’s Meter Bridge and Home-Area Network (:HAN) Bridge help dwellings with numerous occupants to benefit from smart-energy applications, solving consumption and billing challenges at the same time.
With a view to extend its portfolio in mobile and consumer applications, STMicroelectronics had launched a Single-Chip Magnetometer called LIS3MDL, earlier in 2013.
STMicroelectronics is a global independent semiconductor company, which designs, develops, manufactures and markets a broad range of semiconductor integrated circuits and discrete devices.
STMicroelectronics reported second quarter net revenue of $2.05 billion, down 4.8% on a year-on-year basis but up 1.8% sequentially. Gross profit was $672 million and gross margin was 32.8%. Sequentially, the gross margin improved 150 basis points, benefiting from production efficiencies, a higher volume of production and lower unsaturation charges, although pricing remained a negative.
Currently, STM has a Zacks Rank #5 (Strong Sell). Stocks that look attractive currently include Texas Instruments (TXN), Akamai Technologies Inc (AKAM) and Intersil Corp (ISIL), all with a Zacks Rank #2 (Buy).