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 will invest $5 billion in its competitor Intel to further intertwine Nvidia’s AI-boosting chips and Intel’s x86 architecture and CPUs. The companies will work together on several generations of data center and PC infrastructure, both companies announced on Thursday.
Nvidia has agreed to invest $5 billion in Intel as part of a broader deal to together develop "multiple generations" of data center and PC products. Nvidia will buy Intel stock.
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.
"Having Jensen's blessing is priceless," wrote Bernstein senior analyst Stacy Rasgon about Nvidia's $5 billion investment in Intel.
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.
Nvidia’s $5 billion deal solves four problems for Intel, but it doesn’t address the company’s biggest issue: manufacturing technology.