💨 Abstract

STMicroelectronics (ST), a major European semiconductor firm, has postponed its long-term financial targets to 2030 due to anticipation of continued slump in demand for industrial and automotive chips until 2025. The company aims to reach an annual revenue of $20 billion and an operating margin above 30%, previously forecast for 2027.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖