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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