Qualcomm and Amazon Reach Multi-Year AI Chip Cooperation Deal, Amazon Can Purchase Up to $4 Billion in Qualcomm Stock

Odaily News: Qualcomm has announced a multi-generational data center chip cooperation agreement with Amazon, which will develop custom chips for Amazon Web Services' (AWS) AI infrastructure.

Under the agreement, Amazon also gains the right to purchase up to $4 billion in Qualcomm stock. This cooperation marks Qualcomm's formal expansion into the data center AI chip business, positioning it for more direct competition with existing AI chip suppliers such as Nvidia. (Bloomberg)