STMicroelectronics maintains 2030 targets

Reuters

2024/11/20

Nov 20 (Reuters) - STMicroelectronics $(ST)$ said on Wednesday it will stand by the 2030 targets plan it laid out in 2022, despite three outlook cuts this year amid a slump in markets for the industrial and automotive chips it makes.

Europe's largest semiconductor manufacturer by revenue reiterated its revenue forecast to reach 20 billion euros ($21.17 billion) by 2027, with an operating margin above 30%.

(Reporting by Nathan Vifflin and Toby Sterling; Editing by Kim Coghill)

((nathan.vifflin@thomsonreuters.com; +48 58 769 67 13;))

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Editing by Kim Coghill)</p><p>((nathan.vifflin@thomsonreuters.com; +48 58 769 67 13;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4096","symbol_name":"电气部件与设备","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2484156093","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484156093","pubTimestamp":1732083472,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Nov 20  - STMicroelectronics     said on Wednesday it will stand by the 2030 targets plan it laid out in 2022, despite three outlook cuts this year amid a slump in markets for the industrial and automotive chips it makes.   Europe's largest semiconductor manufacturer by revenue reiterated its revenue forecast to reach 20 billion euros  by 2027, with an operating margin above 30%. 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