Nvidia gives Intel a lifeline with $5 billion common stock deal — September deal gets FTC approval for more than 217.4 million Intel shares at $23.28 per share

Intel has officially sold over 217 million of its common stock to Nvidia in a historic equity investment worth $5 billion. The stake was originally announced in September, after the U.S. government had invested its own $8.9 billion into Intel. Following FTC approvals in early December, the sale has now been completed.