TNW | Finance
STMicroelectronics forecasts $4.15bn quarter as AI data centres lift demand
STMicroelectronics’ third-quarter revenue rose 17.9% to $3.76bn and profit beat estimates. Chief executive Jean-Marc Chery says demand is well above supply, and he is staying another year.
By TNW | Finance
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STMicroelectronics expects fourth-quarter revenue of $4.15bn, up about 10.5% on the third quarter and above analysts’ forecasts. The Franco-Italian chipmaker says AI data centres and satellite makers are adding to a wider recovery in chip demand.
Third-quarter revenue rose 17.9% to $3.76bn, ST said on Thursday in its earnings statement. Operating income excluding…
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