Qualcomm says it has signed a deal with Amazon to become a customer for custom AI chips used in Amazon’s data centers. The agreement is set to cover “multiple generations” of chips, with Amazon receiving components designed for its workloads.

As part of the arrangement, Amazon receives an option to acquire up to $4 billion in Qualcomm shares. Bloomberg reports that the structure includes the right to buy stock, while Channel NewsAsia also highlights the roughly $4 billion share acquisition provision. The coverage emphasizes the commercial terms of the deal and the multi-generation chip commitment.

While the outlets broadly agree on the chip supply relationship and the stock-linked right, they differ mainly in emphasis. Bloomberg foregrounds the deal’s customer status for data center chips and the multi-generation nature, whereas Channel NewsAsia focuses more directly on the AI chip framing and the share purchase option amount.