Qualcomm, AWS ink multi-generation data-center silicon pact with hefty warrants

Qualcomm and Amazon’s AWS unveiled a multi-generation deal to design customized data-center chips and networking tech, marking a strategic push by Qualcomm into rack-scale AI infrastructure. Qualcomm issued warrants for 25 million shares to Amazon at $161.26 per share, vesting in tranches based on purchase orders totaling about $60 billion, with AWS and Qualcomm jointly developing future data-center products. The announcement sparked a rise in Qualcomm’s stock while Amazon’s moved little.