NVIDIA announced that it will invest $5 billion in chip-maker Intel. Photo by John Angelillo/UPI | License Photo
Sept. 18 (UPI) -- Shares of Intel rose 33% Thursday after NVIDIA announced a $5 billion investment in the company to make data center and PC chips.
NVIDIA is investing its stake at a price of $23.28 a share, a press release said. Intel shares jumped 33% to around $33 a share in premarket trading, CNBC reported.
The collaboration deal says that Intel will build custom NVIDIA CPUs for data centers that the company will integrate into its AI infrastructure platforms and sell.
For PCs, Intel will build and sell x86 system-on-chips that integrate NVIDIA RTX GPU chiplets. These new x86 RTX SOCs will power a wide range of PCs, a press release said.
