STMicro電子降目標，股價受壓！

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Finance

STMicroelectronics下調2025-27年目標，股價下跌

STMicroelectronics的股價在星期三下跌，因為該公司宣布其長期財務目標的推遲。這家半導體制造商將其原本預計在2025-2027年間實現200億美元收入及約50%毛利率的雄心勃勃目標，推遲至2030年。

此外，該公司還引入了2027-2028年的中期里程碑，反映出在持續的行業挑戰下，該公司對未來的展望變得更加謹慎。

STMicroelectronics在汽車和工業半導體領域享有盛譽，現在預計到2027-2028年，其收入將達到約180億美元，毛利率在44%至46%之間。

這一調整凸顯了公司面臨的挑戰，尤其是在寬帶隙半導體（如碳化硅SiC）方面，根據摩根士丹利分析師的說法，今年的採用進程遭遇了延遲。

管理層指出，汽車行業是其增長戰略的基石，強調向電動車和先進駕駛輔助系統（ADAS）的轉型是主要驅動力。

此外，STMicroelectronics還強調300mm晶圓制造及碳化硅和氮化鎵等新材料在其長期路線圖中的關鍵角色。

為了與這些更新的目標保持一致，該公司概述了縮減某些制造設施的計劃，可能會集中在海外地點，並將資本支出集中在其最具戰略意義的領域。

這項削減成本和調整制造規模的計劃預計到2027年將帶來高達數億美元的節省，支持在同一時期內達到22%-24%的目標營運毛利率。

最新的指引與2022年形成鮮明對比，當時該公司預計可在2025-2027年間實現200億美元的收入，主要得益於汽車電氣化、物聯網和代工服務的增長。

當時，管理層預計10%的銷售將來自寬帶隙半導體，32%來自300mm晶圓生產，20%來自其代工業務。這些預測還包括至少25%的自由現金流利潤率，得益於更強的產品組合和更高的價格所帶來的效率提升。

摩根士丹利的分析師在一份報告中表示：「我們還預計公司不僅會重申成本削減計劃的時間表，還會概述哪些制造設施可能會縮減（我們假設僅限於海外設施），以及資本支出可以集中在哪裡。」

該公司的成本管理和投資重點旨在為2025-2026年以後的增長奠定基礎。

巴克萊的分析師在一份報告中指出：「我們預計稍後會有更多細節，但中期指引顯示到2027/28年時，市場上升周期應該會全面展開。考慮到目前的周期延長。」

這一系列變化反映出STMicroelectronics在面對市場變遷和技術挑戰時的靈活應對，儘管股價受到影響，但從長遠來看，這種調整有可能為公司未來的穩健發展鋪平道路。隨著電動車市場的快速增長，STMicro的定位或許仍然具備潛在的增長空間，值得投資者持續關注。

以上文章由特價GPT API根據網上資料所翻譯及撰寫，過程中沒有任何人類參與 🙂

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${ "intro": "Create an ultra realistic 8K UHD DSLR photo based on the attached image as a reference of facial features, maintaining 100% likeness.", "subject": { "identity": "A stylish beautiful woman portrayed as Cleopatra, the eternal Queen of Egypt, radiating supreme authority, elegance, and divine power.", "angle": "Full-body editorial portrait captured at a cinematic 3/4 angle, both Cleopatra and the horse positioned diagonally, rendered in ultra-crisp clarity with no blur.", "pose": { "body_position": "She is riding a majestic white horse, seated confidently with impeccable royal posture, her torso slightly turned to a 3/4 angle to emphasize grace and dominance.", "hands": "One hand gently holds the gold-accented reins, while the other rests elegantly near her waist, displaying ornate jewelry.", "expression": "She looks directly at the camera with a calm, commanding, and seductive gaze—the unmistakable presence of a queen born to rule." } }, "appearance": { "outfit": "An opulent, ultra-bongga Cleopatra couture gown in pristine white and radiant gold. The gown features a sculpted corset bodice richly embroidered with gold hieroglyphic motifs, sun-disk patterns, and crystal beadwork. Flowing white silk, chiffon, and sheer organza panels cascade dramatically from the waist and shoulders, creating powerful movement as she rides. A daring thigh-high slit reveals her leg, balancing sensuality with imperial elegance. Every seam is traced with gold-thread embroidery for a luminous, goddess-like silhouette.", "accessories": "She wears the exact Cleopatra headpiece from the attached reference image: a regal black-and-gold striped nemes-style headdress with a polished gold cobra (uraeus) centerpiece at the forehead, structured side panels, and intricate gold detailing. Paired with a wide Egyptian collar necklace with turquoise accents, engraved gold arm cuffs, crystal finger rings, an ornate gold waist belt, delicate anklets, and elegant flat Egyptian sandals.", "hair": "Her hair is fully concealed beneath the nemes headpiece as shown in the reference image, ensuring perfect historical accuracy and symmetry.", "makeup": "Ultra-bold, highly colorful Egyptian eye makeup with ceremonial ink artistry. Her eyes feature sharp elongated black kohl eyeliner extended dramatically past the outer corners, layered with vivid turquoise, teal, emerald green, sapphire blue, violet, and metallic gold pigments blended in high-fashion gradients. Beneath each eye, intricate hand-drawn ink designs inspired by ancient Egyptian symbolism are visible—fine black and gold lines, dots, and sacred motifs echoing hieroglyphs and protective markings, following the natural curve of the lower eye and cheekbone. Her complexion is flawless and softly bronzed with luminous highlights, brows are sculpted and powerful, cheeks carry a subtle coral-rose flush, and lips are finished in a refined nude-rose satin tone to balance the intense, artistic eye look." }, "props": { "animal": "A powerful, majestic white horse with a flowing ivory mane, sculpted muscles, and intelligent dark eyes. The horse wears elegant white-and-gold tack engraved with Egyptian motifs, symbolizing royal conquest, divine favor, and sovereignty." }, "background": { "macro_environment": "A vast open desert landscape near the Egyptian palace and pyramids at golden hour, stretching endlessly beneath a dramatic sky glowing with gold, amber, and soft ivory tones.", "midground_details": "Distant pyramids rising from the sand, monumental stone statues, ceremonial banners moving in the wind, and faint silhouettes of royal guards and attendants placed far behind for scale.", "micro_elements": "Fine desert sand lifted by the horse’s movement, sharply defined gold engravings on the reins, visible embroidery threads on the gown, subtle translucency of sheer fabrics, radiant light reflections on gold surfaces, and crisp, realistic shadows—everything rendered with extreme clarity and zero blur." }, "lighting": { "type": "Cinematic natural golden-hour lighting with soft reflective highlights.", "effect": "Warm sunlight intensifies the white-and-gold palette, ignites the vibrant eye makeup colors and ink details, and illuminates the horse’s coat, creating a radiant, divine, editorial glow." }, "camera": { "camera_type": "DSLR", "resolution": "8K UHD", "lens": "50mm prime lens", "aperture": "f/8 for maximum sharpness across subject and background", "iso": 100, "shutter_speed": "1/250s to freeze motion while maintaining realism", "focus": "Extreme sharp focus from foreground to background, no bokeh, no blur" }, "style": "High-fashion editorial, cinematic realism, divine Egyptian royalty, white-and-gold couture contrasted with vibrant ceremonial eye art, powerful, sensual, ultra-detailed, sharp, majestic" }$ Gallery