Amazon is seeking to offload about $8 billion of advanced Nvidia chips to investors, the Financial Times reported on 2 October, according to Reuters.
Key points
- The proposed offload concerns about $8 billion of advanced Nvidia chips.
- Amazon would use a new vehicle to place the chips with investors.
- The reported aim is to strengthen Amazon’s balance sheet.
A new vehicle for Nvidia chips
The proposed offload would be carried out through a new vehicle, according to the Financial Times report.
Amazon’s balance-sheet aim
Amazon intends the arrangement to strengthen its balance sheet, the report said, citing people familiar with the matter.
