NEW YORK (TheStreet) -- ARM Holdings (ARMH) was criticized Amazon.com (AMZN) , operator of some of the world's largest data centers, which said that makers of chips that use ARM's technology aren't keeping up with Intel's (INTC) pace of innovation, Bloomberg reports.
As a result, Amazon isn't ready to start using alternatives to Intel's chips in its servers, according to James Hamilton, a vice president for Amazon Web Services, which provides computing power and storage over the Internet to other companies, according to Bloomberg.
"It's just not quite moving fast enough," Hamilton said in an interview, referring to the pace of development of ARM-chip technology. He spoke after a presentation at Amazon's annual Web-services conference in Las Vegas.
An ARM spokesman declined comment, Bloomberg said.
Shares of ARM Holdings are flat at $41.40 in pre-market trading.