Skip to main content

Share story

AI Products

Amazon sets up supplier financing to borrow as much as $80 billion

Amazon has established supplier financing arrangements to borrow as much as $80 billion against the value of hardware it buys, Bloomberg reported. The arrangements help preserve financial flexibility as the company spends hundreds of billions on artificial intelligence infrastructure.
Sources
In this story
Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
Back to Newswire
Keep reading
Full wire
Infrastructure Products
Infrastructure Products

CXMT swings to profit as quarterly revenue rises sevenfold

Chinese memory chipmaker CXMT posted a sevenfold increase in quarterly revenue and swung from a loss to a profit, Bloomberg reported. The company expanded capacity aggressively and increased its role as a global supplier of conventional memory, or DRAM.