Big Tech
Oracle Investment in Chipmaker Ampere Gives It Option to Own
- Ampere’s CEO also is stepping down from Oracle’s board
- Oracle says it owns 29% of the server processor maker
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Oracle Corp. said it owns 29% of startup Ampere Computing LLC and can exercise future investments options that would give it control of the chipmaker.
Oracle said in addition to equity in the startup, it invested $600 million in the fiscal year ended May 31 in convertible debt issued by Ampere after $400 million in such debt in fiscal 2023. The debt matures in June 2026 and if exercised with options through January 2027 to acquire additional equity, Oracle would “obtain control of Ampere and consolidate its results with our results of operations.”