STMicro Nearly Doubles Quarterly Profit on AI Demand
STMicroelectronics reported third-quarter operating profit above market expectations. Demand from AI data centres and satellite operators helped drive a wider recovery in its markets. The company also expects fourth-quarter sales to exceed $4 billion.
Quick glossarySTMicroelectronics, Operating profit, Q4
- STMicroelectronics
- A European chipmaker best known for making chips used in cars, industrial machines, phones and other electronic devices.
- Operating profit
- The money a company earns from its core business before interest and taxes are taken out of it.
- Q4
- The fourth three-month period of a company's financial year, used when it reports its results.
Read at Economic Times Tech
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