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Qualcomm and Amazon Web Services announced a data center infrastructure partnership focused on custom silicon for AI inference workloads. As part of the deal, Qualcomm issued warrants allowing Amazon to buy 25 million shares at $161.26 each, a package worth roughly $4 billion, according to an SEC filing. Qualcomm shares climbed 4% on the news.
Qualcomm and Amazon Web Services announced a data center infrastructure partnership focused on custom silicon for AI inference workloads. As part of the deal, Qualcomm gave Amazon warrants to buy 25 million of its shares at $161.26 each, worth roughly $4 billion, according to an SEC filing. Qualcomm shares climbed 4% on the news.
Qualcomm's stock rose 4% on Tuesday following news that it will supply customized silicon for Amazon Web Services' AI infrastructure, with a focus on inference workloads. As part of the deal, Qualcomm granted Amazon warrants to purchase 25 million shares at $161.26 each, valuing the arrangement at roughly $4 billion.