STMicroelectronics (STM) announced an expanded strategic collaboration with Amazon Web Services (AMZN) through a multi-year, multi-billion USD commercial engagement serving several product categories. The collaboration establishes ST as a strategic supplier of advanced semiconductor technologies and products that AWS integrates into its compute infrastructure, enabling AWS to provide customers with new high performance compute instances, reduced operational costs, and the ability to scale compute-intensive workloads more effectively. This engagement covers a broad range of semiconductor solutions leveraging ST’s portfolio of proprietary technologies. ST will supply specialized capabilities across high-bandwidth connectivity, including high-performance mixed-signal processing, advanced microcontrollers for intelligent infrastructure management, as well as analog and power ICs that deliver the energy efficiency required for hyperscale data center operations. The collaboration will help customers reduce total cost of ownership and bring products to market faster. ST’s specialized technologies help AWS address the increasing demands for compute performance, efficiency, and data throughput required to support growing AI and cloud workloads.
Easter Sale - 70% Off TipRanks
New trading tool for AMZN bullsPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STM:
- STMicroelectronics Closes Acquisition of NXP’s MEMS Sensors Unit to Bolster Automotive and Industrial Portfolio
- STMicroelectronics completes acquisition of NXP Semiconductors MEMS business
- STMicroelectronics price target raised to EUR 24 from EUR 22 at Morgan Stanley
- STMicroelectronics price target lowered to $28 from $29 at Mizuho
- Balancing Early Cycle Recovery With Persistent Headwinds: Justifying a Hold Rating and $32/€27.50 Target Pending Clear EPS and Margin Progress