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Home›US Markets›M&A & Deals›Qualcomm issues Amazon warrants to buy $4 billion in c…

Qualcomm issues Amazon warrants to buy $4 billion in chip stock

The warrants are tied to an AI infrastructure deal aimed at accelerating Qualcomm’s push into data center chips.

Reported · Written up by our desk · M&A & Deals

CNBC Markets reports that Qualcomm has issued Amazon warrants giving the e-commerce and cloud company the right to acquire $4 billion worth of Qualcomm stock as part of an AI infrastructure arrangement.

The companies are using the deal to support Qualcomm’s efforts to expand into the data center business, a market where Nvidia has been dominant during the AI boom.

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Sources

CNBC MarketsQualcomm issues Amazon warrants to acquire $4 billion worth of chipmaker's stock as part of AI infrastructure deal
CNBC WorldQualcomm issues Amazon warrants to acquire $4 billion worth of chipmaker's stock as part of AI infrastructure deal

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