STMicroelectronics
Amazon Takes Equity Stake in STMicroelectronics as Multi-Billion Dollar AI Chip Deal Ignites Stock Surge
Shares of STMicroelectronics (NYSE: STM) skyrocketed on Monday after the European semiconductor giant announced a sweeping, multi-year strategic partnership with Amazon Web Services, a subsidiary of Amazon.com, Inc. (NASDAQ: AMZN). The deal, valued at several billion dollars, positions STMicroelectronics as a primary provider of specialized semiconductors for Amazon’s