Oracle owns nearly a third of Arm chipmaker Ampere and could take control in 2027

Appears to be prioritizing GPUs, not manycore CPUs

Oracle could choose to take control of Arm CPU vendor Ampere Computing, the vendor it has backed and uses in its cloud. filed on Wednesday reveals that Oracle held 29 percent stake in Ampere as of May 31, 2024, and has the option to gain majority control over the chip designer in 2027.

Oracle also revealed it extended $600 million in loans in the form of convertible debt to Ampere during its 2024 fiscal year, on top of $400 million in debt given during the prior fiscal year. According to the document, Oracle spent roughly $48 million on Ampere processors during its 2023 fiscal year – some of it direct with Ampere and some through a third party. By comparison, Big Red spent just $3 million on Ampere's chips and had $101.1 million worth of products available under a pre-payment order by the end of fiscal year 2024.its datacenter footprint to address growing demand for AI infrastructure.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheRegister /  🏆 67. in UK

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Yamaha: Rivals' choice, 2027 MotoGP rules led to V4 engine developmentYamaha explains why it is pressing on with development of a V4 engine
Read more »

Champions League: Uefa re-open bidding for stadiums for 2027 finalUefa have re-opened the bidding for stadiums to host the 2027 Champions League final after the match was stripped from AC Milan.
Read more »

FIA: It’s not too late to attract new marques to WRC in 2027The FIA technical director Xavier Mestelan Pinon has offered an update on plans to increase manufacturer interest in WRC
Read more »

New secondary school to open in Preston in 2027, plans revealThere are fears the school will be built in the 'wrong place'
Read more »

Argentina Plans to More Than Double Lithium Revenues by 2027Argentina plans to double its mining exports from $4 billion to $10 billion as soon as 2027 on the back of new lithium projects set to come online soon
Read more »

Council leader hoping Broadmarsh fully redeveloped by 2027 as Green Heart opensFurther news on the wider project is expected by the end of the year
Read more »