TSE and STMicroelectronics (STM) Signs Physical Power Purchase Agreement

STMicroelectronics N.V. (NYSE:STM) is one of the best Semiconductor Stocks to Buy Heading into 2026. On November 20, TSE and STMicroelectronics N.V. (NYSE:STM) signed a physical Power Purchase Agreement (PPA) that revolves around supplying renewable electricity from solar parks to STMicroelectronics’ sites in France. Notably, TSE will be supplying the company with renewable power generated by 3 solar parks in France, operated by TSE, totalling ~43 MW. This 15-year contract, which begins in 2027, exhibits an overall volume of ~780 GWh.

In a separate development, STMicroelectronics N.V. (NYSE:STM)’s net revenues totaled $3.19 billion in Q3 2025, reflecting a YoY fall of 2.0%, with YoY net sales to OEMs and Distribution falling 5.1% and rising 7.6%, respectively. On a sequential basis, net revenues grew 15.2%, amidst increased revenues in Personal Electronics, while Automotive and Industrial performed as anticipated.

STMicroelectronics N.V. (NYSE:STM)’s operating income fell from $381 million in Q3 2024 to $180 million in Q3 2025. The company’s operating income for Q3 2025 consisted $37 million impairment, restructuring charges, and other related phase-out costs. This demonstrates impairment of assets and restructuring charges predominantly related to the company-wide program to reshape manufacturing footprint and resize the global cost base.

STMicroelectronics N.V. (NYSE:STM) is engaged in designing, developing, manufacturing, and selling semiconductor products.

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Disclosure: None. This article is originally published at Insider Monkey.