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Amazon Inks Up to $60B AI Chip Pact with Qualcomm, Secures Equity Warrants

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The Story

News Summary

  • Amazon agreed to purchase up to $60 billion in AI data center chips and optical technology from Qualcomm for AI inference.
  • The long-term partnership grants Amazon warrants to buy 25 million Qualcomm shares, reinforcing AWS custom silicon capabilities and accelerating Qualcomm's push to diversify beyond smartphone modems.
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