STMicro Targets $3B Space Chip Revenue, Bets on Orbital Economy

STMicroelectronics aims to generate over $3 billion in space chip revenue by 2028, driven by surging demand for semiconductors in low-Earth orbit satellite networks. With a ten-year supply deal with Starlink, they maintain a near 90% market share. Their stock surged on the news, and theyre optimistic about the growing market, including potential orbital data centers. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6f2e061014c2dd24

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