STMicroelectronics' full-year revenue in 2024 fell 23.2% and it has launched a restructuring plan
Zhizhan Technology
Ningbo Zhenzhi
STMicroelectronics
2024
2027
STMicroelectronics
Micro
cost
ring
cost
year
challenge
2025-01-31 08:09
190
STMicroelectronics' full-year revenue fell 23.2% to $13.269 billion in 2024. To meet this challenge, the company has launched a restructuring plan in the fourth quarter of 2024, aiming to save up to millions of dollars in costs annually by 2027.
