en.Wedoany.com Reported - Swiss semiconductor company STMicroelectronics' latest data disclosed in May 2026 shows that since 2021, the company has cumulatively delivered 75 billion integrated circuit chipsets to US company SpaceX's Starlink network. This large-scale supply relationship marks the entry of their decade-plus technical collaboration into a mature phase of deep mass production, driving an average annual growth rate of 36% for its Low Earth Orbit business. Over the same period, STMicroelectronics' annual revenue in this business segment grew from $175 million in 2021 to approximately $600 million in 2025, and is projected to approach $1 billion by 2026.
From a business model perspective, the collaboration between the two parties is not a simple supplier relationship, but a deep integration centered around chip design, engineering services, and high-volume manufacturing. According to data available as of December 2025, over the past decade, this collaboration has produced billions of co-developed chips, deployed in millions of Starlink user terminals and over 10,000 Starlink satellites, including the latest V3 satellites with a fronthaul throughput exceeding 1 Tbps. To meet this demand, STMicroelectronics specifically developed a new manufacturing process based on PLP (Panel Level Packaging) technology for Starlink, addressing extremely high volume and quality standards. Its engineering teams in France and Italy jointly design chips with SpaceX, with manufacturing and packaging/testing completed in locations including France, Malta, and Malaysia.
Information from executives confirms the early-stage development status of the current market and its long-term growth drivers. Remi El-Ouazzane, President of STMicroelectronics' MCU, Digital IC and RF Products Division, stated clearly during an analyst conference call on May 5, 2026: "We are just in the early stages of this market," and revealed that shipment volumes rapidly climbed from 5 billion to 75 billion units within the past quarter.
Regarding market share and growth expectations, STMicroelectronics forecasts the LEO serviceable market will grow to approximately $2 billion by 2028, approaching $3 billion by 2030. Leveraging its first-mover advantage, its current market share in this field is close to 90%. However, with the rise of new competitors such as Amazon's Kuiper and Europe's sovereign broadband constellation IRIS², this extremely high share is expected to decline somewhat. Furthermore, the company is also setting its sights on the emerging field of orbital data center computing, viewing it as a significant driver of future growth.
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