Filing: Google spent roughly $548M to buy around 3M shares of Qualcomm, which is pushing into serving the AI data center market (Ryan Barwick/The Information)
Google has bought nearly 3 million shares of the chip maker Qualcomm, less than half a percent of the company's outstanding shares, according to a securities filing on Friday.
Google has purchased nearly 3 million shares of Qualcomm, representing less than half a percent of the chip maker's outstanding shares, according to a securities filing reported by The Information. This investment totaled approximately $548 million.
Separately, Google has acquired a data center site in southeast Wyoming from the private AI infrastructure developer Crusoe. According to Investing.com, the acquisition follows a $17 billion investment announcement regarding the project. The financial terms of the site deal were not disclosed.
Investing.com reports that Crusoe had previously been pressured to leave the Wyoming campus in June following Google's concerns regarding costs and the project timetable. As part of the transition, Crusoe handed over pre-development work involving site selection, power strategy, and government approvals. While Google is building with several energy and digital firms, Crusoe stated it is separately developing another Google campus in Armstrong.
Brief written by urgent.news from Techmeme, Investing.com — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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