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Qualcomm Signs Deal to Provide Amazon With Custom AI Chips
Source: Bloomberg
Technology & InnovationArtificial IntelligenceCompany FundamentalsCapital Returns (Dividends / Buybacks)
Qualcomm signed Amazon as a data-center chip customer under a multigeneration agreement, expanding the smartphone-processor leader's presence in the data-center market. The deal also grants Amazon the right to acquire up to $4 billion of Qualcomm shares, signaling a potentially significant strategic commercial relationship and a positive catalyst for Qualcomm's diversification.
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