STMicroelectronics forecasts $4.15bn quarter as AI data centres lift demand
The Franco-Italian chipmaker expects a 10.5% revenue increase over the third quarter. Growth is attributed to a wider recovery in chip demand, specifically from satellite makers and AI data centers.
Key points
- Forecasted Q4 revenue of $4.15 billion
- Q3 revenue rose 17.9% to $3.76 billion
- Demand driven by AI data centers and satellite manufacturers
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