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STMicroelectronics Secures Multibillion-Dollar Agreement With Amazon

The semiconductor producer strengthens ties with the tech giant in a major supply and collaboration deal, boosting its stock nearly 8%.

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Terms & Concepts
  • Semiconductor: A material with electrical conductivity between a conductor and an insulator, used in electronic circuits and devices.
  • Supply Agreement: A contractual arrangement where one party commits to providing products or services to another over a specified period.