Financial PerformanceSTMicroelectronics confirms its financial targets of $20bn+ sales, 50% gross margin, >30% EBIT margin to 2030, which are above current consensus expectations.
Market Position And Growth PotentialSTMicroelectronics ranks #1 within the MCU market with a 17.3% share and #3 in the power discretes and modules market with a 7.6% share as of 2022.
Strategic AdvancementsThe focus on SiC fabs and the ramp of their 300mm fab in Agrate reflects strategic technological advancements and partnerships.