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STMicroelectronics delays $20 billion sales target to 2030 due to chip surplus and slower demand.
STMicroelectronics, a supplier to Tesla, has pushed its $20 billion sales target to 2030 due to a chip inventory surplus and slower demand in automotive and industrial sectors.
The company now forecasts $18 billion in sales for 2027 and 2028, with sales expected to surpass $20 billion by the end of the decade.
Gross margins are projected to rise from 44-46% in 2027 and 2028 to around 50% by 2030.
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STMicroelectronics retrasa el objetivo de ventas de 20 mil millones de dólares hasta 2030 debido al excedente de chips y a la menor demanda.