Thursday, 29 October, 2026
STMicro Raises Data Center Forecast to $1.3 Billion Amid Surge in AI Chip Demand
By TechShots Studio
STMicroelectronics posted a third-quarter revenue beat of $3.76 billion, driven by surging infrastructure demand for artificial intelligence data centers and satellite communications. Capitalizing on this momentum, the Franco-Italian chipmaker lifted its full-year data center revenue projection to approximately $1.3 billion and issued a stronger-than-expected fourth-quarter sales outlook.
Read full story at REUTERS