SpaceX Supplier STMicroelectronics Projects Full-Year Sales of $14.5 Billion on AI Demand

STMicroelectronics projects full-year revenue will rise nearly 23% to approximately $14.5 billion, boosted by surging demand for artificial intelligence data centers and commercial satellite deployments. The European semiconductor maker, a key supplier to SpaceX, Tesla, and Apple, also forecasts gross margin to expand to about 36.4%, up from 33.9% in the prior year. Chief Executive Jean-Marc Chery identified high-performance data centers and satellite communications infrastructure as critical growth drivers, underscoring strong order momentum across aerospace telecommunications and AI hardware supply chains.