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STMicroelectronics raises data center revenue outlook to $1B on AI surge
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STMicroelectronics raises data center revenue outlook to $1B on AI surge

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STMicroelectronics (NYSE:STM) has upwardly revised its revenue targets for its data center business, citing a sharp acceleration in demand for artificial intelligence infrastructure and successful capacity expansions across its manufacturing network.

The semiconductor manufacturer now projects data center-related revenue to reach approximately $1 billion for the full year of 2026.

The updated ambition underscores a strategic shift for the chipmaker as it captures a larger share of the capital expenditure sweeping through global technology infrastructure.

Management indicated that if current demand trends and deployment velocities persist, the division's data center revenue could potentially double by 2027, climbing toward the $2 billion threshold.

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