STMicro nearly doubles quarterly profit, sees Q4 sales exceeding $4 billion

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 29 Oct, 07:46 UTC

STMicroelectronics reported a third-quarter operating profit above market expectations on Thursday, as demand from AI data centres and satellite operators added to a broader recovery in the chipmaker's markets.