# Oracle prepays over $100 mn to Ampere Computing in bid to gain cloud advantage over Amazon | Tech News (HT Tech) > Oracle Corp agreed to prepay $104.1 million for processor chips made by startup Ampere Computing, according to Oracle's proxy statement filed on Friday. # Oracle prepays over $100 mn to Ampere Computing in bid to gain cloud advantage over Amazon ## Oracle Corp agreed to prepay $104.1 million for processor chips made by startup Ampere Computing, according to Oracle's proxy statement filed on Friday. Sept 24 2023, 10:36 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![Oracle](https://images.hindustantimes.com/tech/img/2023/09/24/1600x900/AMPERE-ORACLE--0_1695524403715_1695524430251.JPG) Oracle also invested $400 million in Ampere through a convertible note in its fiscal 2023, the proxy said. (REUTERS) ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By REUTERS Oracle Corp agreed to prepay $104.1 million for processor chips made by startup Ampere Computing, according to Oracle's proxy statement filed on Friday. Oracle also invested $400 million in Ampere through a convertible note in its fiscal 2023, the proxy said. Ampere builds custom server chips based on Arm technology that compete with designs produced by Intel and Advanced Micro Devices, which use X86.Oracle has invested hundreds of millions of dollars in Ampere since it was founded, according to filings. Also read click here. The idea behind the investment in Ampere – and its chip purchases - is to give Oracle's cloud an advantage over rivals. Amazon.com makes its own server chips that compete with Ampere, and Google makes its own artificial intelligence processors. Ampere declined to comment. Oracle did not return a request for comment. 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