Amazon is plowing ahead with its custom-silicon strategy, announcing a major “multi-generational product collaboration” with Qualcomm Technologies. In case you need a refresher, Qualcomm is a major U.S. technology company known for designing semiconductors and wireless communication technologies.
Under the new agreement terms, Amazon could make up to $60 billion in payments for Qualcomm server-chip products, technology, systems, and manufacturing services. Amazon also received a warrant giving it the right to buy up to 25 million Qualcomm shares, which at close to $162 per share could work out to roughly $4 billion.
How Will the Collaboration Work in Practice?
“This collaboration with Qualcomm Technologies builds on a strong foundation of partnership and reflects our shared commitment to pushing the boundaries of what’s possible,” said Prasad Kalyanaraman, Vice President, AWS. “By working together on customized silicon and advanced…
https://cloudwars.com/ai/amazon-expands-custom-silicon-strategy-with-major-qualcomm-collaboration/
