Oracle's Holdings in AmpereComputing and Its Future Prospects

TapTechNews September 28th news, the technology media theregister reported on September 26th. According to the document information disclosed this Wednesday, as of May 31st, 2024, Oracle currently holds 29% of AmpereComputing's shares and is expected to achieve full control in 2027.

According to the disclosed information, after adjusting for the accounting loss of the equity method, the total book value of Oracle's investment in Ampere is 1.5 billion US dollars (TapTechNews note: currently about 10.5 billion yuan).

Oracle also disclosed that it provided a convertible debt loan of 600 million US dollars to Ampere in its 2024 fiscal year, and in addition provided 400 million US dollars of debt in the previous fiscal year.

These debts will mature in June 2026, and at that time Oracle will have the right to choose to convert these investments into additional equity in the chip startup company.

AmpereComputing LLC, headquartered in Santa Clara, California, is a semiconductor design company focusing on server processors, and its products are known for high performance and energy efficiency. The company was founded in 2017 and is led by former Intel employee Renée James.

The product line of AmpereComputing includes processors such as AmpereAltra and AmpereOne, which are designed specifically for the cloud-native environment to meet modern computing needs.

The company was valued at 8 billion US dollars by SoftBank's proposal in 2021 and filed for an IPO confidentially in 2022. As of September 2024, AmpereComputing is exploring possible sales and may consider going public. Employees have a relatively high evaluation of the company, with an average rating of 4.3 stars on Glassdoor.