Amazon seeks to offload $8 billion of Nvidia chips to investors, FT reports

Citing the Financial Times, Business Recorder reports that Amazon is exploring a plan to sell roughly $8 billion worth of top-tier Nvidia semiconductors to outside investors. Under the proposal, thousands of Grace Blackwell chips that the cloud giant has been deploying at American data centres would be moved into a separate vehicle. Amazon has sounded out investors in recent weeks to gauge their appetite, the report said.

Amazon would then rent the chips back from that entity, which would raise money from outside investors via debt issuance, according to the FT. The company could lighten its asset load by handing costly semiconductors to third parties, the newspaper added. It also plans to offer up to 10% ownership in that entity.

The chips involved were purchased or rented by Amazon, and they are spread across more than a dozen facilities in five US states, Nevada and Virginia among them. Amazon and Nvidia had yet to reply to Reuters' enquiry made outside normal working hours.