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Ampere Computing Confidentially Files for IPO

By Josh Beckerman

 

Ampere Computing, the chip company founded by longtime Intel Corp. executive Renée James, has filed confidentially for an initial public offering.

Ampere's investors include Oracle Corp., where Ms. James is a board member. Oracle has made multiple investments, including $300 million in 2021, according to a securities filing.

Ampere has received investments from the SoftBank Group Corp.-owned Arm and Carlyle Group Inc.

Last week, Ampere said in a blog post that Microsoft Corp. launched Azure Virtual Machines based on the Ampere Altra processor.

In February, Ampere and Rigetti Computing Inc. announced a partnership to create hybrid quantum-classical computers "designed to unlock a new generation of machine learning applications over the cloud."

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

April 11, 2022 16:05 ET (20:05 GMT)

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