Oracle spends more than US$100 million on Ampere chips

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Intended to bolster cloud fortunes.

Oracle spends more than US$100 million on Ampere chips
Oracle has agreed to prepay US$104.1 million ($162 million) for processor chips made by startup Ampere Computing, according to Oracle's proxy statement. Oracle also invested US$400 million in Ampere through a convertible note in its fiscal 2023, the proxy said. Ampere builds custom server chips ...

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