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From: Sam

11/29/2019 8:41:10 AM

2 Recommendations of 95536

Market Chatter: Amazon Said to Design New Data Center Chip
MT NEWSWIRES 3:23 AM ET 11/29/2019

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AMZN	1818.51	0 (0%)
INTC	58.51	0 (0%)
AMD	39.41	0 (0%)
QUOTES AS OF 04:15:00 PM ET 11/27/2019

03:23 AM EST, 11/29/2019 (MT Newswires) -- Amazon.com's(AMZN) cloud computing unit has designed a more powerful data center chip that uses technology from software design company Arm Holdings, Reuters reported Wednesday, citing two unnamed sources.

The new data center chip is reportedly at least 20% faster than Graviton, Amazon's(AMZN) first Arm-based chip released in 2018. However, it is not expected to be as powerful as Intel's(INTC)Cascade Lake or Advanced Micro Devices'(AMD)Rome chips, the sources told Reuters.

Amazon (AMZN) and Arm declined to comment.

UK-based Arm Holdings is a unit of Japan-based Softbank Group.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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