Market Position And DemandSTMicro is a market leader in Silicon Carbide, which remains in short supply and hence will retain robust pricing.
Restructuring And Cost SavingsThe restructuring program is expected to deliver cost savings up to $850 million, which aligns with management's target for significant cost reductions.
Technological AdvancementsThe focus on SiC fabs and the ramp of their 300mm fab in Agrate reflects strategic technological advancements and partnerships.