Intel, NVIDIA
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Nvidia is investing $5 billion in Intel. The news comes after the US government took a roughly 10 percent equity stake in the struggling chipmaker.
Nvidia's $5 billion investment in Intel is a double-edged sword for Asian chipmakers such as TSMC as an Intel revival could ease U.S. scrutiny on its foreign rivals although it can boost competition in the long term.
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Could Intel Be the Comeback Story of the Decade After Nvidia's Multibillion-Dollar Endorsement?
At first glance, the deal Intel (INTC -3.25%) just struck with Nvidia (NVDA -0.17%) looks kind of ordinary. Intel will include Nvidia's proprietary technology in custom chips for
What do you do with Intel Corp.’s stock after its best day in 38 years?
Asian suppliers to Intel Corp. saw their shares climb Friday after the US tech firm’s stock jumped 23% following news of a $5 billion investment by chipmaker Nvidia Corp.
The Dow industrials, S&P 500 and Nasdaq all rose as Nvidia’s deal to invest in Intel added fuel to the tech rally.
Intel and Nvidia announce a huge partnership to jointly develop multiple generations of consumer CPU and data center products. Nvidia is also investing $5 billion in Intel.
NVIDIA has today announced it will invest $5 billion in Intel as part of a new collaboration between the two companies. In a statement, NVIDIA said it would work with its ailing rival to “jointly develop multiple generations of custom data center and PC products.”