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STMICRO TARGETS MORE THAN $3 BILLION IN SPACE CHIP REVENUE AS DEMAND GROWS

  • NEWS Desk Global
  • 2 days ago
  • 1 min read

STMicroelectronics is ‌targeting well above $3 billion in cumulative revenue for its semiconductor space business from 2026 to 2028, it said on Monday, helped by surging demand for chips used in low-Earth orbit ​satellite networks.

Shares in the Franco-Italian chipmaker rose by as much as 7%, ​before settling 2.2% higher at 1536 GMT.

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