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STMicroelectronics expects its AI data center revenue to exceed $1 billion in 2026, up from its previous forecast of approximately $1 billion. It also expects revenue to exceed $2 billion in 2027, again up from its previous forecast of approximately $2 billion.
STMicroelectronics has raised its revenue forecasts for AI data centers for 2026 and 2027.
STMicroelectronics CEO: We expect fourth-quarter revenue to exceed $4 billion.
Hyundai Motor: Will activate contingency plans to offset the deterioration in profitability caused by tariffs and production disruptions.
STMicroelectronics CEO: Revenue growth is expected to accelerate in the fourth quarter.