SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Semi Equipment Analysis
SOXX 296.74+1.8%Nov 28 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Julius Wong9/23/2023 1:27:04 PM
1 Recommendation

Recommended By
Return to Sender

   of 95487
 
Oracle spends more than $100 million on Ampere chips



A screen displays the logo and trading information for Oracle Corporation on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 30, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights

Sept 22 (Reuters) - Oracle Corp (ORCL.N) agreed to prepay $104.1 million for processor chips made by startup Ampere Computing, according to Oracle's proxy statement filed on Friday.

Oracle also invested $400 million in Ampere through a convertible note in its fiscal 2023, the proxy said.

Ampere builds custom server chips based on Arm technology that compete with designs produced by Intel (INTC.O) and Advanced Micro Devices (AMD.O), which use X86. Oracle has invested hundreds of millions of dollars in Ampere since it was founded, according to filings.

The idea behind the investment in Ampere – and its chip purchases - is to give Oracle's cloud an advantage over rivals. Amazon.com makes its own server chips that compete with Ampere, and Google makes its own artificial intelligence processors.

Ampere declined to comment. Oracle did not return a request for comment.

Reporting by Max A. Cherney in San Francisco; Editing by David Gregorio and Rosalba O'Brien

reuters.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News