Nvidia to invest $5bn in Intel after Trump administration’s 10% stake
by Johana Bhuiyan and agencies from on (#704CV)
Deal gives Intel a lifeline as firms team up on AI datacenters and PC chips after Trump stake sparks market surge
Nvidia, the world's leading chipmaker, has announced plans to invest $5bn in Intel and collaborate with the struggling semiconductor company on products.
A month after the Trump administration confirmed it had taken a 10% stake in Intel - the latest extraordinary intervention by the White House in corporate America - Nvidia said it would team up with the firm to work on custom datacenters that form the backbone of artificial intelligence (AI) infrastructure, as well as personal computer products.
Continue reading...