Nvidia to invest $5bn in Intel after Trump administration’s 10% stake
by Johana Bhuiyan and agencies from Technology | The Guardian 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.
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