Topline
Nvidia announced it will acquire $5 billion worth of chipmaking rival Intel’s shares and the two companies will collaborate to develop custom data center and personal computer products, in a move that comes less than a month after the U.S. government gained a 10% stake in Intel.
Nvidia will invest $5 billion in Intel.
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Key Facts
In a statement, Nvidia said the companies will work together to combine Nvidia’s advanced AI and computer chips with Intel’s x86 CPU architecture, which powers most desktops, servers and laptops around the world.
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