Oracle spends more than $100 million on Ampere chips

FILE PHOTO: A screen displays the logo and trading information for Oracle Corporation on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 30, 2023. REUTERS/Brendan McDermid/File Photo

(Reuters) -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.