STMicroelectronics Doubles 2026 Data Center Revenue Forecast to $1 Billion on AI Demand
Updated
Updated · Bloomberg · Jun 2
STMicroelectronics Doubles 2026 Data Center Revenue Forecast to $1 Billion on AI Demand
4 articles · Updated · Bloomberg · Jun 2
$1 billion is STMicroelectronics' new 2026 revenue target for its data center business, nearly double the more than $500 million forecast it gave previously.
Booming demand for artificial-intelligence infrastructure drove the upgrade, signaling stronger chip sales into data-center buildouts.
2027 revenue could also double from 2026 levels if that demand growth continues, the Franco-Italian semiconductor maker said.
With AI chip revenue soaring, can a European firm like STMicro truly compete against US and Asian tech giants?
As AI hardware booms, can our energy grids and supply chains actually keep pace with the surging demand?