Cost Savings And EfficiencyThe restructuring program is expected to deliver cost savings up to $850 million, which aligns with management's target for significant cost reductions.
Financial Targets And GrowthSTMicroelectronics confirms its financial targets of $20bn+ sales, 50% gross margin, >30% EBIT margin to 2030, which are above current consensus expectations.
Revenue And Market ShareSTMicroelectronics is confident to regain market share in China due to its innovative ecosystem and the broadest set of design wins with China EV brands.