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STMicroelectronics Shares Climb 8% Over Strategic Collaboration With Amazon Web Services
STMicroelectronics N.V. (STM) shares surged by 8% on Monday following the announcement of an expanded strategic collaboration with Amazon Web Services (AWS). This multi-year, multi-billion dollar commercial agreement encompasses several product categories and includes STMicroelectronics issuing warrants to AWS for the purchase of up to 24.8 million ordinary shares.