STMicroelectronics and Qualcomm Launch New IoT Module to Simplify Wireless Connectivity

On Wednesday, semiconductor contract manufacturing company STMicroelectronics NV STM introduced the first product of its strategic collaboration with wireless technology company Qualcomm Inc QCOM Technologies to simplify the development of advanced wireless solutions for industrial and consumer IoT applications.

The partnership aims to deliver internet-of-things (IoT) modules initially leveraging STMicroelectronics’ ecosystem and Qualcomm Technologies’ wireless connectivity solutions.

The first of these modules contains a Qualcomm multiprotocol connectivity system-on-a-chip (SoC), pre-loaded with Wi-Fi6, Bluetooth 5.3 qualified, and Thread combo, made easy to integrate with any STMicroelectronics microcontroller (MCU) or microprocessor (MPU).

Also Read: Google Quantum AI’s New Willow Chip Can Do in Minutes That Supercomputers Would Take 10 Septillion Years

The module will support Matter protocol over Wi-Fi for future-proof connectivity.

The module also contains 4Mbyte Flash for code and data storage and a 40MHz crystal to aid the system integration. It has an integrated PCB antenna or micro RF (uFL) connector for an external antenna.

In October, STMicroelectronics and Qualcomm partnered to integrate AI-powered wireless connectivity with STMicroelectronics’ microcontroller ecosystem for IoT.

In November, at its Capital Markets Day, STMicroelectronics reaffirmed its $20 billion-plus revenue target, gross margins nearing 50%, and operating margins surpassing 30% through 2030. I

t also announced an intermediate financial model for 2027-2028 that projected revenues of ~$18 billion, gross margins of 44%-46 %, and operating margins of 22%-24%. STMicroelectronics expects fourth-quarter revenue of $3.32 billion, in line with the consensus estimate.

Also, in November, at Qualcomm’s 2024 Investor Day, the company said it expected a $900 billion TAM by 2030, driven by connected edge devices and growth in the IoT and Automotive segments.

It eyed $22 billion combined revenue from Automotive and IoT divisions by fiscal 2029. Qualcomm expects first-quarter revenue of $10.5 billion-$11.3 billion, compared to the $10.9 billion analyst estimate.

Price Actions: STM stock is up 0.46% at $26.44 premarket at the last check on Wednesday. QCOM is up 0.73%.

Also Read:

• Taiwan Semi November Revenue Ups 34% Strengthened by AI and Smartphone Demand

Photo via Company