STMicroelectronics charts path to $12bn: Page 2 of 2

May 14, 2019 //By Nick Flaherty
The management team at STMicroelectronics sees the growth path to reach its target of a $12bn in the next two years through power devices, 5G and the Internet of Things.
The management team at STMicroelectronics has charted its path to reach its target of a $12bn in the next two years through power devices, 5G and the Internet of Things.
a new production plant in Asia. It is also taking over the fab in Singapore formerly run by Micron, but is cutting production to reduce inventory.

“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.

www.st.com

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