On June 22, STMicroelectronics rose 3.01% in regular trading, trading at $81.01/share, with turnover of $248 million.

On the news front, the company announced the release of its new compact direct time-of-flight 3D LiDAR integrated module, the VL53L9, designed for artificial intelligence applications on small computing devices. The module features 2.3K zone resolution, on-chip data processing, and a spatial sensing range from 5 centimeters to 9 meters. STMicroelectronics stated that the VL53L9 FlightSense module is expected to enter mass production and become available for global customer shipments starting in early July.

Meanwhile, the semiconductor sector broadly strengthened, with Micron Technology up 5.11%, Intel up 4.17%, and Advanced Micro Devices up 1.86%, providing notable sentiment support. On the fundamental side, the company previously raised its full-year data center business revenue target to approximately $1 billion, nearly doubling prior guidance, with expectations of further doubling the following year if growth momentum continues.

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