Nvidia has completed a $5 billion investment in the rival chipmaker, according to regulatory filings.
Deal, first announced in SeptemberThe leading chipmaker will pay $23.28 per share for approximately 214.7 million shares. after receiving permission from US antitrust authorities.
According to Reuters, the deal is seen as a major financial lifeline for Intel after what is described as “years of missteps and capital-intensive capacity expansion (that) have depleted its finances.”
How iPhone in Canada The investment also represents Nvidia's strategic expansion into the broader processor ecosystem, he said. Traditionally, Nvidia is known for its production of graphics processors and artificial intelligence accelerators. With this deal, Nvidia will benefit from greater ties to Intel's x86 architecture and manufacturing expertise.
This isn't the first time in recent memory that a graphics maker has entered the PC processing market. Back in 2023 Nvidia and AMD have reportedly begun working together on ARM-based PC processors. two years before the Intel acquisition deal.
Source: Reuters by using iPhone in Canada
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