Sources: Amazon has held talks with investors about a deal to spin off $8B of Grace Blackwell chips into an SPV, then lease them back for its US data centers (Financial Times)

Amazon is considering a deal to spin off around $8 billion worth of Nvidia's Grace Blackwell chips into a special-purpose vehicle (SPV). According to the Financial Times, Amazon has held talks with investors to gauge interest in the deal, which would involve moving thousands of the chips installed in its US data centers into the SPV.

The SPV would then tap outside investors through debt issuance, allowing Amazon to lease the advanced AI chips back. This approach would enable Amazon to adopt a more asset-light approach to its balance sheet by unloading the expensive semiconductors to investors.

Amazon plans to offer an equity stake of up to 10% in the vehicle, according to the Financial Times. The chips in question were bought or leased by Amazon and are installed in over a dozen US data centers across five states, including Nevada and Virginia, as per Investing.com and Channel News Asia.

Brief written by urgent.news from Techmeme, Investing.com, CNA - Business, Channel News Asia — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.