International Companies

STMicroelectronics shares jump on data centre guidance upgrade

By Benjamin Chiou

Date: Tuesday 02 Jun 2026

(Sharecast News) - Shares in semiconductor group STMicroelectronics rallied in Paris on Tuesday after the chip contract manufacturer raised revenue guidance for its data centres business.
Data centre revenues are now tipped to be around $1bn in 2026, compared with the previous target of "nicely above $500m".

Looking further ahead,...

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