STMicroelectronics (STMPA FP) says in the scenario of higher input costs, will increase prices on selected products

Data center revenue guidance hike was driven by increased demand outlook and faster expansion capacity and supply; "really driven first by demand covered by engagement backlog for this year, 100% coverage and next year." Will be closing the gap between the demand and capability to supply. Need to complete reshaping manufacturing program in order to reach 40% Gross Margin by Q4. Photonics platform has been well adopted. Total backlog represents about an average of 4.5 to 5 quarters of Q2 average revenue. Dynamic is "quite healthy" on LEO connectivity; contributing to the improvement of gross margin. Growth in China is "Very demanding".