the Power of Ampere: Oracle’s Record-Breaking $100M Investment Fuels a New Era in Computing




Oracle Spends More Than $100 Million on Ampere Chips

Oracle Prepaying $104.1 Million for Ampere Chips

According to Oracle’s proxy statement filed on Friday, Oracle Corp has agreed to prepay $104.1 million for processor chips made by startup Ampere Computing. This investment is part of Oracle’s strategy to give its cloud services an advantage over rivals, such as Amazon.com and Google.

Ampere Computing builds custom server chips based on Arm technology, which compete with designs produced by Intel and Advanced Micro Devices. Oracle has been investing in Ampere since its founding, with a total investment of hundreds of millions of dollars.

In addition to the prepayment, Oracle also invested $400 million in Ampere through a convertible note in its fiscal 2023.

Both Ampere Computing and Oracle declined to comment on the investment.

For more tech news and reviews, follow HT Tech on Twitter, Facebook, Google News, and Instagram, and subscribe to their YouTube channel.

Published Date: 24 Sep, 08:33 IST