Amazon (NASDAQ: AMZN) Sets $60 Billion Ceiling With Qualcomm (NASDAQ: QCOM) As Apple (NASDAQ: AAPL) Cuts Modem Ties
Foreign Policy Journal
Amazon has set a potential $60 billion commercial relationship with Qualcomm for AI infrastructure, including server chips, systems, and optical connectivity. This agreement is significant for Qualcomm as Apple shifts its modem development in-house, impacting Qualcomm's revenue. The deal includes warrants for Amazon, vesting based on purchasing milestones, and aims to help Qualcomm diversify its revenue streams into data centers.
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