“5G is a particular game changer here and a great opportunity for ST across all the market we target,” said Marco Cassis, vice president of sales for STMicroelectronics. “We are now in the soft part of the semiconductor market, but beyond 2019 automotive and industrial are forecast to grow 6 to 8% and are 60 % of revenues. Automotive electrification and digitalisation are driving much faster content growth than the growth in the market.”
All of this will lead to the $12bn target. “If we assume the market grows 4 to 5% over the next years we believe we can achieve this by the second half of 2021 or 2022,” said Grandi.