US Stock Market Move | Expand cooperation with Amazon.com, Inc. (AMZN.US) cloud services STMicroelectronics NV ADR RegS (STM.US) rose nearly 8%

On Monday, the stock price of STMicroelectronics NV ADR RegS (STM.US) rose, closing up nearly 8% at $32.195. On the news front, STMicroelectronics NV ADR RegS has entered into a multi-billion-dollar commercial agreement with Amazon.com, Inc. (AMZN.US) to further expand their cooperation in advancing advanced semiconductor technology. According to the agreement, STMicroelectronics NV ADR RegS will supply AWS with relevant semiconductor technology and products to support their high-performance computing infrastructure for cloud computing and artificial intelligence data centers. The companies will also leverage cloud computing power to optimize electronic design automation (EDA) workloads, accelerate chip design and silicon development processes, thereby improving research and development efficiency and shortening product development cycles. As part of the collaboration, STMicroelectronics NV ADR RegS has issued warrants to AWS, allowing them to purchase up to 24.8 million shares of common stock at a price of $28.38 per share during a seven-year exercise period.