STMicroelectronics doubles its data-centre revenue forecast to $1bn

STMicroelectronics now expects $1bn in data-centre revenue for 2026, up from its prior guidance of nearly $500m. The increase reflects sustained demand for AI infrastructure and faster-than-expected capacity expansion. The company attributes the revision to rising demand for AI chips in data centres. The forecast update is based on current market trends and operational progress. This shift signals stronger confidence in AI-driven infrastructure growth for chipmakers.