STMicroelectronics experienced a slight decline of 0.5% to €25.6250, as UBS lowered its target price from €44 to €38 while maintaining a "buy" recommendation. The Semiconductor Industry Association reported global semiconductor sales of $53.12 billion in August, marking a 20.6% year-on-year increase. Additionally, the World Semiconductor Trade Statistics forecasts 2024 sales to reach $611.2 billion, up 16% from the previous year.
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