STMicro doubles data center revenue outlook for 2024
STMicroelectronics raised its full-year data-center revenue outlook to approximately $1 billion. The company previously guided to $500 million.
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Faster growth at chip makers supplying data centers can support higher valuations in technology funds held by many retirement accounts.
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STMicroelectronics raised its full-year data-center revenue outlook to approximately $1 billion. The company previously guided to $500 million.
STMicroelectronics raised its 2026 data-center revenue forecast to $1 billion, citing AI infrastructure demand and an AWS partnership.