ST(US:STM) Seeking Alpha·2024-11-22 16:05Company Overview - STMicroelectronics CEO Jean-Marc Chery and CFO Lorenzo Grandi participated in Morgan Stanley's TMT Conference 2024 in Barcelona [1] - The company recently held a Capital Markets Day, where it shared key financial targets and growth strategies [4] Financial Targets - The company aims to achieve $18 billion in revenue with an EBIT margin of 22%-24% by 2027-2028 [5] Growth Drivers - The main revenue driver is expected to be the analog and sensors segment, primarily tied to the high-premium Personal Electronics business with a key customer [6] - Power electronics, including power MOSFET, diodes, and silicon carbide, will be the second growth driver, driven by the electrification of mobility and industrial markets [6] - General-purpose microcontrollers are projected to become a significant growth driver after 2024-2025 [6] Market Outlook - The overall market addressed by STMicroelectronics is expected to grow at a compound average growth rate (CAGR) of 5% [6]