Oracle spends more than $100 million on Ampere chips

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 AMD, which use X86. Oracle has invested hundreds of millions of dollars in Ampere since it was founded, according to filings.