Benzinga | Jul 21, 2021 06:38AM EDT

STMicroelectronics, Unilumin Develop LED Display For Advanced Video Solutions

* STMicroelectronics NV (NYSE:STM) and Chinese LED display provider Unilumin collaborated to develop a new Unilumin display using the ST60A2, ST's 60GHz RF transceiver for advanced high-data-rate contactless-transfer solutions.

* The ST60A2 contactless connectivity technology opens up new products and applications for advanced video solutions, Unilumin Director Tao Zheng said.

* Unilumin solution, created with STMicroelectronics, will be applied in new LED-based display products launched throughout 2021.

* Price action: STM shares traded higher by 2.06% at $37.70 in the premarket session on the last check Wednesday.