Amazon reportedly weighs $8 billion AI-chip transfer, then leasing the hardware back

Amazon could transfer about $8 billion in AI chips to a separate legal entity without giving up their computing capacity. The Financial Times reported the proposed financing arrangement on October 2, 2026, according to SiliconANGLE: Amazon would lease the hardware back and keep using it. The transaction is not confirmed as completed.

Outside investors, a separate borrowing vehicle

The proposed recipient is a special-purpose vehicle, or SPV—a legal entity established to handle a particular transaction. It would receive the chips, issue debt and sell a 10% equity stake to external investors. Amazon has reportedly been talking with potential backers for several weeks.

Hardware across five data centers

The assets are reportedly Nvidia Grace Blackwell accelerators installed across five Amazon data centers. Some are owned by Amazon and others are leased. Each accelerator combines two Blackwell graphics processors with one Grace central processor, connected by Nvidia’s NVLink-C2C technology to move data between them.

The chip count is an estimate

AI infrastructure provider Modal estimates that a Grace Blackwell accelerator costs between $60,000 and $70,000. Using that price range and the proposed $8 billion value, SiliconANGLE calculates that the transaction could cover roughly 114,000 to 133,000 accelerators. That is a price-based estimate, not a disclosed inventory or Amazon-specific purchase price. The range counts complete accelerators, rather than individual graphics processors.