The Phoenix-based startup hub will focus on companies driving new innovations in chip manufacturing and artificial intelligence.

Unfortunately for Intel, the deal does not provide a direct lifeline to its floundering chipmaking foundry business.

Nvidia, the world's leading chipmaker, announced Thursday that it's investing $5 billion in Intel and will collaborate with the struggling semiconductor company.

Nvidia said Thursday in a press release that it will invest $5 billion in Intel's common stock, pending regulatory approval. The news comes a month after the US government took a stake in Intel.

NVIDIA Corp. will invest $5 billion in Intel Corp. as part of a deal to co-develop custom processing units for data centers and personal computers.

In the past week, China has unveiled a series of regulatory actions targeting American chipmakers. The most significant is an ...

So Intel and Nvidia dropped a CPU-GPU bomb earlier today, announcing a distinctly unexpected plan to collab' on new computing ...

Correlation isn't causation, and it's unlikely that Intel and Nvidia could have thrown together a $5 billion deal and product collaboration in the space of less than 24 hours. But Nvidia could be ...

NVIDIA has today announced it will invest $5 billion in Intel as part of a new collaboration between the two companies. In a ...