STMicroelectronics has reaffirmed its goal of achieving over $20 billion in revenue by 2030.
It set an intermediate revenue target of approximately $18 billion by 2027-2028.
The company aims for an operating margin between 22 percent and 24 percent for the 2027-2028 period.
Through its manufacturing reshaping and cost base resizing initiatives, ST expects to achieve high triple-digit million-dollar savings by 2027.
STMicroelectronics emphasized its commitment to sustainable and profitable growth.
The company continues to provide innovative solutions to support the transition toward smarter, safer, and more sustainable industries.
The company remains dedicated to its unchanged strategy, aligning with customer needs and industry transformations.
STMicroelectronics will share more details about its strategy at its capital markets day.
STMicroelectronics’s capital markets day will be attended by Jean-Marc Chery, President & CEO; Marco Cassis, President, Analog, Power & Discrete, MEMS and Sensors Group, Head of Strategy, System Research and Applications, Innovation Office; Remi El-Ouazzane, President, Microcontrollers, Digital ICs and RF products Group; Fabio Gualandris, President, Quality, Manufacturing, & Technology and Lorenzo Grandi, President and Chief Financial Officer.
