Overview
- The companies announced the agreement on Sept. 8, 2026, under which Amazon Web Services can buy up to $60 billion of Qualcomm chips, systems, services, and manufacturing over multiple generations.
- Qualcomm granted Amazon warrants to buy up to 25 million shares at $161.26 each, with 3.75 million shares vesting immediately and further tranches tied to binding orders and actual equipment purchases.
- The technical scope centers on custom silicon for AI inference and optical connectivity that Qualcomm says can deliver up to 1.6 terabits per second, with wafer work already under way and initial revenue expected in Qualcomm’s December quarter.
- Qualcomm sees the pact as a validation of its multi‑year pivot from phones to data‑center infrastructure and has set a target of about $15 billion in annual data‑center revenue by 2029.
- Industry analysts note the headline $60 billion is conditional rather than guaranteed, so the deal both reduces execution risk for Qualcomm and creates new pressure to deliver competitive inference chips at scale against entrenched suppliers.