3M expands Amazon data center partnership, shares gain
A logo of 3M at the company’s booth at the 8th China International Import Expo (CIIE) in Shanghai, China, November 6, 2025.REUTERS/Maxim Shemetov
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
Oct 19 : Industrial conglomerate 3M said on Monday it was expanding its commercial relationship with Amazon and had issued a warrant to an Amazon subsidiary, allowing it the right to buy 3M common stock worth over $521 million.
Shares of 3M were up more than 5 per cent in extended trading after the announcement.
Here are more details:
• 3M said it has issued a warrant to a wholly owned Amazon subsidiary, giving it the right to purchase up to 3.16 million 3M shares over the next seven years at $164.89 per share
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
• The agreement expands 3M’s commercial relationship with the e-commerce major at a time major technology companies are increasing spending on data-center infrastructure to support AI and cloud-computing growth
• 3M said about 85 per cent of the warrant shares will become available as Amazon buys optical connectivity and other data-center products from 3M, with that portion becoming fully vested once total purchases hit $6 billion
• The remaining 15 per cent of the shares will vest once certain milestone-based conditions are met
• In July, Microsoft became the first hyperscaler to adopt 3M’s Expanded Beam Optics technology in AI data centers
Source: Reuters
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
