Qualcomm Signs Deal to Provide Amazon With Custom AI Chips

Qualcomm has secured Amazon as a data center customer to supply custom artificial intelligence chips over multiple generations. This agreement grants Amazon the right to acquire up to $4 billion in Qualcomm shares, marking a significant expansion for Qualcomm beyond its traditional smartphone processor market. The partnership positions Qualcomm as a new competitor in the cloud infrastructure hardware space, challenging existing providers in the high-demand data center sector.