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Qualcomm Strikes $4 Billion Amazon Stock Deal. Its Stock Is Climbing.

Qualcomm
International Business Times Fews App News Provider
Fews App Post Time há 20h

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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