Chip-Maker Nvidia To Invest $5 Billion In Intel
US chip giant Nvidia will invest $5 billion in semiconductor maker Intel for joint development projects, the companies said in a statement Thursday.
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Nvidia has announced a $5 billion investment in Intel common stock, priced at $23.28 per share.
United States:
Semiconductor powerhouse Nvidia is set to invest $5 billion in chip manufacturer Intel as part of a strategic partnership focused on joint development initiatives, according to a joint announcement released Thursday.
The collaboration aims to create specialized data center and PC products, responding to the surging demand for high-performance chips driven by the ongoing artificial intelligence revolution.
Nvidia's GPU technology has become essential for tech companies building AI-focused data centers, creating unprecedented demand for their specialized processors.
Jensen Huang, Nvidia's founder and CEO, described the partnership in Thursday's announcement as "a convergence of two world-class platforms. Working together, we will strengthen our ecosystems and create the foundation for computing's next generation."
The agreement involves Nvidia purchasing $5 billion in Intel common stock at $23.28 per share.
Both companies noted that the investment remains subject to various closing conditions, including necessary regulatory approvals.