STMicroelectronics Raises Data Centre Revenue Forecast Amid AI Demand Surge
STMicroelectronics (STM) raised its data centre revenue forecast for 2026 to $1 billion, up from over $500 million previously. The increase is attributed to strong demand driven by artificial intelligence infrastructure investments and manufacturing capacity expansion. Investors responded positively with an 8% rise in Paris trading.
Topics: AI infrastructure data centres revenue growth semiconductors