ST looking for 2023 revenue of $17-$17.8bn

CEO Jean-Marc Chery (pictured) said ST was looking for full-year revenue of $17 billion to $17.8 billion, keeping it on course for its target of $20 billion by 2027.

“We are operating in an environment with significantly different dynamics depending on the end markets we serve,” said Chery, “based on our leadership position, strategic approach and current visibility, we anticipate another year of revenue growth and profitability.”

“Our second quarter business outlook, at the mid-point, is for net revenues of $4.28 billion, increasing year-over-year by 11.5% and increasing sequentially by 0.8%; gross margin is expected to be about 49.0%,” said Chery.

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