Qualcomm Secures $60 Billion Server Chip Deal with Amazon through 2036

Key Facts

1Amazon's new agreement ties warrant vesting to binding purchase orders and up to $60 billion in purchases through 2036.

2Qualcomm is attempting a return to the server chip market after a previous effort in 2017 was dismantled within a year.

In a move reflecting the strategic shift toward diversifying semiconductor supply chains for data centers, Qualcomm has secured a major supply agreement with Amazon. The new partnership ties warrant vesting to binding purchase orders and potential purchases valued at up to $60 billion through 2036. This marks a significant attempt by Qualcomm to re-enter the server chip market, following a previous effort in 2017 that was dismantled within a single year.

Qualcomm is aiming to diversify its revenue streams toward data centers by leveraging long-term commitments from a mega-cap cloud provider. Per market data, AMZN shares closed at $251.89, while QCOM shares ended the session at $176.88 (close September 10, 2026). The scale of the deal underscores Amazon's long-term reliance on Qualcomm's architecture to power its future server infrastructure.

Monitoring price action, QCOM traded between a low of $171 and a high of $182.40 on September 10, 2026, indicating heightened volatility following the news. With no immediate sector-specific catalysts in the upcoming economic calendar, investors will likely focus on how these binding orders impact Qualcomm's long-term valuation relative to its current close of $176.88 as of September 10, 2026.