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.
Sign up here.
STMicro said its LEO revenue rose to about $600 million in 2025 from about $175 million in 2021, and it is now close to $1 billion… [1268 chars]
Source: Reuters | Published: 2026-05-04T16:01:38Z
Credit: Reuters
