Oracle spends more than $100 million on Ampere chips

oracle-spends-more-than-$100-million-on-ampere-chips
Oracle spends more than $100 million on Ampere chips

Oracle Corp has agreed to prepay $104.1 million for processor chips made by startup Ampere Computing, according to Oracle’s proxy statement filed on Friday. Additionally, Oracle invested $400 million in Ampere through a convertible note in its fiscal 2023.

Ampere builds custom server chips based on Arm technology, which compete with designs produced by Intel and Advanced Micro Devices (AMD), who use X86. Oracle has been a significant investor in Ampere since its inception.

The purpose of Oracle’s investment in Ampere and its chip purchases is to gain an advantage over its competitors in the cloud industry. Amazon.com and Google both have their own server chips and artificial intelligence processors, respectively.

Ampere declined to comment on the matter, while Oracle did not respond to a request for comment.

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

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