Qualcomm, Amazon Unveil Multi-Generation Product Partnership
Qualcomm and Amazon announced a multi-generation product partnership covering custom chips for AI data centers and 1.6T optical interconnect solutions.
The deal involves Qualcomm issuing warrants to an Amazon affiliate, allowing for the subscription of up to 25 million shares at $161.26 per share.
Qualcomm's stock price rose nearly 10% in pre-market trading following the announcement.