Nvidia has purchased Intel shares worth $5 billion, the semiconductor firm said in a filing on Monday, carrying out a transaction announced in September.
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Nvidia
has purchased Intel
shares worth $5 billion, the American semiconductor firm said in a filing on Monday, carrying out a transaction announced in September.
The leading AI chip designer said in September it would pay $23.28 per share for Intel common stock, in a deal seen as a major financial lifeline for the chipmaker after years of missteps and capital intensive production capacity expansions drained its finances.
The move comes just weeks after the White House engineered a deal for the US to take a 10 per cent stake in Intel.
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