Qualcomm hands Amazon $4B of warrants to build custom silicon for AWS

Qualcomm granted Amazon warrants for 25 million shares at $161.26 each, representing a $4 billion position, with tranches tied to commercial milestones and the potential purchase of up to $60 billion in Qualcomm server chips for AWS. The agreement includes a multi-generation custom silicon program covering AI inference and optical connectivity up to 1.6 Tbps, and the warrants expire on 3 September 2036.