STMicroelectronics raises data center revenue target to $1 billion
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STMicroelectronics raises its revenue ambition for Data Centers amidst continued strong demand for AI infrastructure
June 2, 2026 2:00 AM EDTSTMicroelectronics raises its revenue ambition for Data Centers amidst continued strong demand for AI infrastructure
Geneva, June 2, 2026 - In light of continued strong AI infrastructure-led demand and based on recent progress made on capacity ramp-up, STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, is raising its revenue ambition for Data Centers.
Data center revenues are now expected at about $1 billion in 2026 (compared to nicely above $500 million expected previously). Assuming the current dynamic continues and with the current engagements we have, revenues could double in 2027 (compared to... More
