{"id":1011798,"date":"2026-06-03T08:38:20","date_gmt":"2026-06-03T03:08:20","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1011798"},"modified":"2026-06-03T08:54:21","modified_gmt":"2026-06-03T03:24:21","slug":"stmicro-lifts-data-centre-revenue-goals-on-ai-demand-shares-hit-25-year-high","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/06\/03\/stmicro-lifts-data-centre-revenue-goals-on-ai-demand-shares-hit-25-year-high\/","title":{"rendered":"STMicro lifts data centre revenue goals on AI demand, shares hit 25-year high"},"content":{"rendered":"<p>STMicroelectronics raised the 2026 and 2027 revenue targets for its data centre business on Tuesday, citing continued strong demand tied to AI infrastructure and progress in expanding capacity. <\/p>\n<p>The Franco-Italian chipmaker&#8217;s shares rose as much \u200cas 10% \u2060to \u20ac65.21 \u2060per share, their highest since September 2000. They were up 8.4% as of 0738 GMT, among top gainers on Europe&#8217;s benchmark STOXX 600 index. <\/p>\n<p>STMicro now expects data centre revenue of about $1 billion in 2026, compared with its previous forecast for revenue &#8220;nicely above&#8221; $500 \u2060million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>STMicroelectronics raised the 2026 and 2027 revenue targets for its data centre business on Tuesday, citing continued strong demand tied to AI infrastructure and progress in expanding capacity. The Franco-Italian chipmaker&#8217;s shares rose as much \u200cas 10% \u2060to \u20ac65.21 \u2060per share, their highest since September 2000. They were up 8.4% as of 0738 GMT, among top gainers on Europe&#8217;s benchmark STOXX 600 index. STMicro now expects data centre revenue of about $1 billion in 2026, compared with its previous forecast for revenue &#8220;nicely above&#8221; $500 \u2060million.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1011798","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1011798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1011798"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1011798\/revisions"}],"predecessor-version":[{"id":1011822,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1011798\/revisions\/1011822"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1011798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1011798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1011798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}