STMicro nearly doubles quarterly profit, sees Q4 sales exceeding $4 billion
By Nathan Vifflin and Fabrizio La Rocca Oct 29 (Reuters) – STMicroelectronics reported a third-quarter operating profit above market expectations on Thursday, as demand from AI data centres and satellite operators added to a broader recovery in the chipmaker’s markets. Operating income excluding one-off charges was $429 million, nearly doubling from a year ago and beating the $400.5 million…
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