Amazon has struck a $60 billion deal to acquire Qualcomm chips for its cloud computing division, Amazon Web Services. Additionally, Amazon obtained the right to purchase $4 billion worth of Qualcomm stock. This acquisition marks a significant shift towards data center solutions for Qualcomm as they adjust their revenue model post-smartphone dependency.
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Amazon
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In a statement, an Amazon spokesperson told TechCrunch that the loan adds to the range of financing options the company has tapped in recent months to hedge against the “uncertain macroeconomic environment.”“Like all companies we regularly evaluate our operating plan and make financing decisions — like entering into term loan agreements or issuing bonds — accordingly,” the spokesperson said via email. Provided by DBS Bank, Mizuho Bank and others, the loan — which will mature in 364 days (January 3, 2024), with an option to extend for another 364 days — be used for “general corporate purposes,” Amazon said in a filing with the U.S. Securities and Exchange Commission. Amazon had about $35 billion in cash and cash equivalents and long-term debt of about $59 billion at the end of the third quarter ended September 30, Reuters reports.
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Frequently asked
Who acquired Qualcomm?
Qualcomm was acquired by Amazon, based in Seattle. The deal was reported on September 9, 2026. Amazon is privately held and operates in Financial Services.
When did Amazon acquire Qualcomm?
Amazon's acquisition of Qualcomm was reported on September 9, 2026. Amazon has struck a $60 billion deal to acquire Qualcomm chips for its cloud computing division, Amazon Web Services. Additionally, Amazon obtained the right to purchase $4 billion worth of Qualcomm stock. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Qualcomm do?
Qualcomm is the world's leading wireless technology innovator and the driving force behind the development, launch, and expansion of 5G. When we connected the phone to the internet, the mobile revolution was born. It is publicly traded (QCOM), operating in Other, and is based in San Diego.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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