STMicroelectronics raises data centre revenue target on AI demand
02/06/2026 07:07
STMicroelectronics raises data centre revenue target on AI demand June 2 (Reuters) - STMicroelectronics STMPA.PA raised the revenue target for its data centre business on Tuesday, citing continued strong demand tied to AI infrastructure and progress in expanding capacity.
The Franco-Italian chipmaker now expects data centre revenue of about $1 billion in 2026, compared with its previous forecast for revenue "nicely above" $500 million.
(Reporting by Nathan Vifflin in Gdansk, editing by Milla Nissi-Prussak)
((nathan.vifflin@thomsonreuters.com; +48 58 769 67 13;))
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