Amazon is exploring a deal to move about $8 billion of advanced Nvidia chips into a special-purpose vehicle, raise outside capital against them, and lease the GPUs back, the Financial Times reported on Friday, citing people familiar with the matter, according to Reuters wire reprints on Channel NewsAsia and CNBC TV18.
In recent weeks Amazon has held talks with investors to gauge interest in shifting thousands of Grace Blackwell chips it is installing in U.S. data centers into the SPV, the FT said. The SPV would tap outside investors through debt issuance, and Amazon plans to offer an equity stake of up to 10% in the vehicle, the newspaper said. The structure is framed as a more asset-light way to strengthen Amazon’s balance sheet by unloading expensive semiconductors while keeping use of the hardware.
The chips in the proposed package were bought or leased by Amazon and are installed in more than a dozen U.S. data centers across five states, including Nevada and Virginia, the report said. Bloomberg Law, summarizing the same FT account, described the move as shifting about $8 billion of top-end Nvidia chips off Amazon’s books into an SPV funded by outside investors so Amazon can keep using the hardware under a leaseback.
Amazon and Nvidia did not immediately respond to Reuters for comment outside regular business hours. The story remains exploratory: talks to gauge interest, not a signed close. No Amazon or Nvidia executives were quoted in the Reuters reprints. AITD treats the FT via Reuters account as the primary wire; the Reuters.com URL is listed for syndication even when geo or auth blocks a full fetch.
This brief covers Amazon’s reported SPV leaseback for its own Nvidia Grace Blackwell fleet. It is not Broadcom’s vendor-finance facility for Anthropic chip leases, SoftBank’s OpenAI equity follow-on, or other hyperscaler lease deals with different parties and structures.