STMicroelectronics $STM (+0%) has set its long-term sales targets of 20 billion USD
to
to the year 2030. This target was originally planned for 2027, but the company expects demand for chips to remain low until 2025. This adjustment follows three forecast reductions this year due to a decline in the industrial and automotive chip markets. The company, one of Europe's largest semiconductor manufacturers, has also set new targets for 2027-2028, with sales of 18 billion
USD and an operating margin of 22-24%.

STMicroelectronics has missed revenue expectations in the last four quarters and EPS consensus estimates in the last three quarters, indicating a challenging period for the company.