Qualcomm and AWS announce a multi-generation collaboration on Qualcomm custom silicon and 1.6T optical connectivity for AWS data centers.

Qualcomm shares jumped after it struck a multi-year deal to supply Amazon Web Services with custom data center chips and optical networking, tied to warrants and up to $60 billion in purchases through 2036.

Qualcomm shares jumped after it struck a multi-year deal to supply Amazon Web Services with custom data center chips and optical networking, tied to warrants and up to $60 billion in purchases through 2036.

Amazon’s AWS AI deal with Qualcomm covers custom inference silicon, optical connectivity, and warrants tied to future infrastructure purchases.

Qualcomm (QCOM) has spent years telling shareholders it is becoming more than a smartphone chip company. What changed is where the new growth is expected to come from. Two years ago the big non-handset targets were automotive and IoT.

Qualcomm is strengthening its position in the fast-expanding artificial intelligence (AI) infrastructure market through a partnership with Amazon.

Jim Cramer called Qualcomm's latest partnership deal "something special" for a stock that has been treading water, but whether Wall Street agrees depends on a series of execution checkpoints that begin this December.

A new deal with Amazon Web Services is giving credence to Qualcomm’s ambition to become a major chip player in the data center market, but it may take some time for the vendor to challenge Intel, AMD and Nvidia in the server channel.

Qualcomm and Amazon partner on development of AI chips and data centre infrastructure.

Qualcomm’s Amazon warrant covers up to 25 million shares, but further vesting depends on qualifying business capped at $60 billion.

Amazon will buy up to $60 billion of Qualcomm's AI data center chips.

Amazon will buy up to $60 billion of Qualcomm's AI data center chips.