-+ 0.00%
-+ 0.00%
-+ 0.00%
According to a securities document submitted on Friday, Google has purchased nearly 3 million shares of chipmaker Qualcomm, accounting for less than 0.5% of Qualcomm's total share capital. As Qualcomm enters the AI data center market aggressively, this investment will give Google business exposure to Qualcomm. According to the document, the search giant spent about $548 million to buy 2,976,982 shares of Qualcomm. In addition, Google also holds shares in the chip design company Arm and has reached a stock agreement of up to 12.2 billion US dollars with chip design company Marvell. The two sides are cooperating to develop Google's self-developed AI chip — the tensor processing unit.
Share
Listen to the news
According to a securities document submitted on Friday, Google has purchased nearly 3 million shares of chipmaker Qualcomm, accounting for less than 0.5% of Qualcomm's total share capital. As Qualcomm enters the AI data center market aggressively, this investment will give Google business exposure to Qualcomm. According to the document, the search giant spent about $548 million to buy 2,976,982 shares of Qualcomm. In addition, Google also holds shares in the chip design company Arm and has reached a stock agreement of up to 12.2 billion US dollars with chip design company Marvell. The two sides are cooperating to develop Google's self-developed AI chip — the tensor processing unit.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending