Oracle could take control of Ampere Computing

Stefan Mileschin · 30th September 2024, 15:02

A proxy statement filed on Wednesday reveals that Oracle held a 29 per cent stake in Ampere as of 31 May 2024, with the potential to gain majority control over the chip manufacturer by 2027. "The total carrying value of our investments in Ampere, after accounting for losses under the equity method of accounting, was $1.5 billion as of 31 May 2024," the filing states. Additionally, Oracle disclosed that it extended $600 million in loans as convertible debt to Ampere during its 2024 fiscal year, supplementing the $400 million in debt provided during the previous fiscal year. Ampere's debts are set to mature beginning June 2026, at which point Oracle can convert these investments into additional equity in the chip startup.

https://fudzilla.com/news/ai/59786-o...pere-computing

30th September 2024, 15:02	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	Oracle could take control of Ampere Computing A proxy statement filed on Wednesday reveals that Oracle held a 29 per cent stake in Ampere as of 31 May 2024, with the potential to gain majority control over the chip manufacturer by 2027. "The total carrying value of our investments in Ampere, after accounting for losses under the equity method of accounting, was $1.5 billion as of 31 May 2024," the filing states. Additionally, Oracle disclosed that it extended $600 million in loans as convertible debt to Ampere during its 2024 fiscal year, supplementing the $400 million in debt provided during the previous fiscal year. Ampere's debts are set to mature beginning June 2026, at which point Oracle can convert these investments into additional equity in the chip startup. https://fudzilla.com/news/ai/59786-o...pere-computing

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Oracle Offers First Zettascale Cloud Computing Cluster	Stefan Mileschin	WebNews	0	12th September 2024 08:49
Ampere Announces 512-Core AmpereOne Aurora CPU for AI Computing	Stefan Mileschin	WebNews	0	2nd August 2024 08:13
Oracle adapts database to work with Ampere chips	Stefan Mileschin	WebNews	0	30th June 2023 07:53
Nvidia Ampere vs. AMD RDNA 2: Battle of the Architectures	Stefan Mileschin	WebNews	0	8th December 2020 06:13
NVIDIA Ampere Unleashed	Stefan Mileschin	WebNews	0	15th May 2020 09:34
80-Core N1 Next-Gen Ampere, ‘QuickSilver’: The Anti-Graviton2	Stefan Mileschin	WebNews	0	24th December 2019 06:27
NVIDIA's Next-Gen 7nm Ampere GPUs Rumored for 2020	Stefan Mileschin	WebNews	0	7th January 2019 09:07
Ampere releases its first data centre chips	Stefan Mileschin	WebNews	0	20th September 2018 12:32
AMD and Oracle to Explore Heterogeneous Computing for Java	Stefan Mileschin	WebNews	0	2nd October 2012 08:33
Atlantis Computing Improves the RAM Disk for the Cloud Computing Generation	Stefan Mileschin	WebNews	0	21st June 2012 10:15