) 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.
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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
Akamai Technologies Inc
), all with a Zacks Rank #2 (Buy).