STMicroelectronics forecasts $4.15bn quarter as AI data centres lift demand

T2Covered by 1 source · first reported by TNW at 30 Oct, 15:26 UTC

STMicroelectronics expects fourth-quarter revenue of $4.15bn, up about 10.5% on the third quarter and above analysts’ forecasts. The Franco-Italian chipmaker says AI data centres and satellite makers are adding to a wider recovery in chip demand. Third-quarter revenue rose 17.9% to $3.76bn, ST said…