Source: International Business Times
The warrants expire on September 3, 2036, and vest in stages based on commercial milestones, including the execution of certain arrangements and purchases of up to $60 billion in Qualcomm server chips and other technology. Joe Klamar/AFP Qualcomm and Amazon announced a partnership Tuesday that includes warrants allowing Amazon to acquire roughly $4 billion worth of Qualcomm stock, tying the investment to a broader effort to develop custom silicon for Amazon Web Services. Qualcomm shares rose about 3% following the announcement as investors welcomed another major customer for the company's expanding data center business.
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