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Setting an intermediate financial model of ~$18B revenues and 22-24% operating margin in 2027-2028.
November 20, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
STMicroelectronics is hosting its Capital Markets Day in Paris, France. Within the framework of an unchanged strategy, ST is reiterating its $20 billion plus revenue ambition and associated financial model, that it now expects to be reached by 2030. ST is also setting an intermediate financial model with revenues expected around $18 billion with an operating margin within a 22% to 24% range in 2027-2028. With the execution of its manufacturing reshaping program and cost base resizing initi...
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