STM

STMicroelectronics repurchased 492,285 ordinary shares (0.05% of issued share capital) between October 12-16, 2026 at a weighted average price of EUR 42.95 per share, totaling EUR 21.1 million. The repurchases were conducted on Euronext Paris to meet obligations from employee share option programs. The company now holds 16,422,388 treasury shares, representing approximately 1.8% of issued share capital.

Navitas Semiconductor (NVTS) partnered with NVIDIA to develop a 24-kW power delivery board that converts 800V DC to 12V DC in a single stage, eliminating intermediate conversion steps. This advancement supports NVTS' 800V strategy as AI data centers demand more efficient power solutions. However, NVTS faces strong competition from ON Semiconductor and STMicroelectronics, and trades at a significantly elevated valuation with a Zacks Rank #3 (Hold) rating.

STMicroelectronics repurchased 346,538 ordinary shares (0.04% of issued share capital) between October 5-9, 2026 at a weighted average price of EUR 49.2425 per share for a total of EUR 17,064,401.16 on Euronext Paris. The repurchases are intended to meet obligations from employee share option programs. The company now holds 15,930,103 treasury shares, representing approximately 1.7% of issued share capital.

Navitas Semiconductor completed its acquisition of Claros, adding intelligent voltage regulator (IVR) technology to its GaN and high-voltage SiC portfolio. The deal strengthens Navitas' grid-to-xPU power delivery capabilities for AI infrastructure, addressing the final stage of power delivery to processors. However, NVTS trades at a significantly elevated valuation of 48.71X forward P/S versus the industry average of 5.26X, and faces intense competition from ON Semiconductor and STMicroelectronics in the AI data center power market.

The global Power IC market was valued at US$ 11.66 billion in 2025 and is projected to reach US$ 21.58 billion by 2034, growing at a CAGR of 7.4%. Growth is driven by rising demand for efficient power management in consumer electronics, automotive systems, industrial automation, renewable energy, and data centers.

Asia Pacific dominates the market, with North America and Europe generating growth through investments in automotive electronics, data centers, and renewable energy systems. Wide bandgap semiconductor technologies like silicon carbide and gallium nitride are enabling next-generation applications.

The global Power Discrete market is valued at US$ 14.30 billion in 2025 and is projected to reach US$ 24.46 billion by 2034, growing at a CAGR of 6.4%. Growth is driven by increasing demand for energy-efficient power management technologies across consumer electronics, automotive systems, industrial equipment, renewable energy, and data centers.

Asia Pacific dominates the market, followed by North America and Europe. Key trends include the transition to SiC and GaN semiconductor technologies enabling higher efficiency and performance in EVs, 5G devices, and industrial automation.

The global IGBT market is projected to grow from USD 8.45 billion in 2025 to USD 14.82 billion by 2035, expanding at a 7.3% CAGR. Growth is driven by rising EV/HEV production, renewable energy inverter demand, industrial motor drives, and railway traction investments. Asia-Pacific leads with 42.5% of global revenue, while the EV/HEV segment accounts for 32.8% of market share.