STMicroelectronics forecasts $4.15bn quarter as AI data centres lift demand

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 one-off charges […]
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