Shares of STMicroelectronics N.V. (STM) are climbing roughly 8 percent on Monday morning trading following a wider strategic collaboration with Amazon Web Services under a multi-year, multi-billion dollar commercial agreement, which includes several product categories.
The company's stock is currently trading at $32.47, up 8.76 percent or $2.64, over the previous close of $29.83 on the New York Stock Exchange. It has traded between $17.25 and $33.47 in the past one year.
In connection with the expanded relationship, STMicroelectronics has issued warrants to AWS for the purchase of up to 24.8 million ordinary shares.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.