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GENEVA - STMicroelectronics (NYSE:STM), a prominent semiconductor manufacturer with $11.86 billion in revenue and strong financial health indicators according to InvestingPro, announced Monday that Rias Al-Kadi, General Manager of the company’s Range and Connectivity Division, has joined the board of directors of the FiRa Consortium, the industry body focused on ultra-wideband (UWB) technology development.
The semiconductor manufacturer, maintaining a robust current ratio of 2.74 and holding more cash than debt on its balance sheet, is actively involved in developing the IEEE 802.15.4ab amendment to enhance UWB system performance. These improvements aim to deliver centimeter-level accuracy, enhanced security, and reduced power consumption for applications ranging from automotive access to smart home automation.
"Joining the FiRa board underlines our commitment to advancing the CCC Digital Key and other UWB-based applications," said Al-Kadi in the press release. "By deeply engaging in standardization and certification across all major UWB groups, we are helping to shape the future of UWB technology."
SK Yong, FiRa Consortium Board Chairman, welcomed STMicroelectronics’ upgraded membership to Sponsor level, noting that Al-Kadi’s "experience and leadership will be instrumental" in expanding UWB’s global impact.
The appointment strengthens ST’s participation in key UWB standards organizations, including the IEEE, Connected Car Consortium, Connectivity Standards Alliance, and UWB Alliance. The company’s involvement supports UWB technology evolution aimed at enhancing user experiences and reducing system costs, particularly in consumer and automotive access applications.
UWB technology, which offers high resistance to interference, is currently supported by smartphones from leading manufacturers. Its applications include digital car keys that precisely locate the key in relation to the vehicle and vehicle occupant detection systems for improved safety.
According to the company statement, ongoing advancements in UWB specifications are addressing challenges such as reliable key detection and reducing the number of anchors needed in car access systems. With a market capitalization of $24.7 billion and currently trading below its Fair Value according to InvestingPro analysis, STMicroelectronics continues to demonstrate its commitment to technological advancement and market leadership.
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