STMicroelectronics delays financial targets, CEO says governments distorting markets
By Nathan Vifflin and Toby Sterling (Reuters) -Computer chip maker STMicroelectronics pushed back its long-term financial targets on Wednesday, saying its future remains bright but a downturn in its key automotive and industrial markets is dragging on into 2025. ST, one of Europe’s largest semiconductor firms, now expects to hit annual revenue of $20 billion…