2026년 2월 10일 · Unknown · financial · 출처 Yahoo Finance
This article first appeared on GuruFocus.
Amazon (NASDAQ:AMZN) Web Services appears to be tightening its grip on critical data-center infrastructure by deepening its relationship with STMicroelectronics NV (NYSE:STM), as the cloud unit looks to secure a broader range of semiconductor technologies for its hyperscale operations. Under the agreement disclosed on Monday, STMicro will supply AWS with chips supporting high-bandwidth connectivity and energy-efficient power management, components that are increasingly relevant as AI workloads place heavier demands on data-center performance and power efficiency. The structure of the deal suggests AWS is positioning itself not just as a customer, but as a long-term partner as global data-center build-outs accelerate.
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Alongside the commercial supply arrangement, AWS received warrants to acquire up to 24.8 million ordinary STMicro shares, with vesting linked to AWS's purchases of STMicro products over time. The warrants can be exercised over a seven-year period at an initial exercise price of $28.38, giving AWS the flexibility to build an equity position in stages. STMicro shares rose 6.5% at the market open to $26.51 following the announcement, while for AWS the move represents at least its second investment in a semiconductor company, reinforcing the view that cloud operators could increasingly blend procurement and capital allocation to secure strategic supply.
The backdrop to the agreement is a widening semiconductor opportunity driven by AI-related data-center investment, where demand is extending beyond advanced processors into analog chips used for power management, sensing, and cooling. STMicro, which supplies customers such as Tesla (NASDAQ:TSLA) and Apple Inc. (NASDAQ:AAPL), recently forecast first-quarter revenue that came in above analysts' expectations, with consumer electronics demand showing signs of recovery late last year after a prolonged slump. At the same time, management has cautioned that the rebound remains uneven, with Chief Executive Officer Jean-Marc Chery noting that the automotive market is not yet stable, suggesting that AI-driven infrastructure demand could be an important, though not uniform, support for the company's outlook.
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