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STMPA STMicroelectronics NV News Story

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Brief: STMicroelectronics Expands Engagement With Amazon Web Services On Compute Infrastructure

Feb 9 (Reuters) - STMicroelectronics NV STMPA.PA:

STMICROELECTRONICS EXPANDS STRATEGIC ENGAGEMENT WITH AMAZON WEB SERVICES TO ENABLE NEW HIGH PERFORMANCE COMPUTE INFRASTRUCTURE FOR CLOUD AND AI DATA CENTERS

ENGAGEMENT COVERS A BROAD RANGE OF SEMICONDUCTOR SOLUTIONS LEVERAGING ST'S PORTFOLIO OF PROPRIETARY TECHNOLOGIES

ST HAS ISSUED WARRANTS TO AMAZON WEB SERVICES FOR THE ACQUISITION OF UP TO 24.8 MILLION ORDINARY SHARES OF ST

AMAZON WEB SERVICES MAY EXERCISE WARRANTS IN ONE OR MORE TRANSACTIONS OVER 7-YEARS FROM ISSUE DATE AT INITIAL EXERCISE PRICE OF $28.38

Source text: ID:nGNE53QqxT

Further company coverage: STMPA.PA

 (Gdansk Newsroom)

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