Qualcomm authorizes Amazon to buy stake worth 4 billion

Qualcomm announces the issuance of a purchase order granting Amazon the right to buy shares valued at approximately $4 billion, as part of a partnership to develop custom chips for AI data centers. Amazon can purchase the shares at a price of $161.26 per share, with an associated business valuation of $60 billion. The partnership aims to expand the use of AI technologies and improve data center connectivity speeds up to 1.6 terabits per second, focusing on reducing development timelines and accelerating product launches, as part of efforts to enhance the infrastructure of intelligent computing.

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