On June 2, STMicroelectronics and Arm both raised revenue guidance, fueled by AI infrastructure orders. STMicro now expects **$1 billion in data center revenue for 2026** (nearly double its prior >$500M forecast) and sees potential to double again in 2027. The company has a long‑term supply deal with AWS for networking and power management chips. ST’s stock rose >8% pre‑market.

Meanwhile, Arm’s CEO said the company’s self‑designed chip business is moving faster than expected, and its $15 billion revenue target (previously set for 2030) could be reached earlier. In March, Arm launched its own Arm AGI CPU with Meta as the first major customer. The move marks a strategic shift from pure IP licensing to silicon manufacturing, driven by firm customer demand. Arm’s stock gained >2% pre‑market.

ICgoodFind: The AI data center build‑out is pushing both traditional IDM (ST) and IP giant (Arm) to raise targets – a clear sign of industry‑wide momentum.