It's an unexpected lifeline to an old rival.
Nvidia said it will invest $5 billion in Intel as part of a deal to co-develop data center and PC products with the troubled chipmaker.
Intel will help build x86 chips with Nvidia RTX GPU chiplets
The two American chipmakers will partner to make personal computer and data centre chips, in a lifeline for Intel as it struggles to profit from the AI boom.
Nvidia CEO Jensen Huang hailed the deal as a "historic collaboration," adding that "AI is powering a new industrial revolution."
The deal between the chipmakers, whose fortunes have diverged sharply, includes plans to collaborate on technology to power artificial intelligence.
Deal gives Intel a lifeline as firms team up on AI datacenters and PC chips after Trump stake sparks market surge
Lange waren sie Konkurrenten, nun arbeiten Nvidia und Intel zusammen: Die Konzerne wollen gemeinsam Chips für Rechenzentren und Personalcomputer entwickeln. Die Intel-Aktie…
La mossa da' un potenziale slancio al piano di rilancio di Trump (ANSA)
Shares of Intel rose 33% Thursday after NVIDIA announced it will make a $5 billion investment in the company to make NVIDIA's data center and PC chips.
Nvidia has agreed to invest $5 billion in Intel as part of a broader deal to together develop "multiple generations" of data center and PC products. Nvidia will buy Intel stock.
Il colosso dell'IA acquisisce il 4% di Intel per sviluppare insieme nuovi chip per PC e data center. Le azioni Intel balzano del 26%
Intel once considered buying Nvidia outright, but its fortunes have shifted.
Santa Clara (dpa) - Der kriselnde Chip-Pionier Intel bekommt milliardenschwere Unterstützung vom erfolgreicheren Konkurrenten Nvidia. Zum einen wird Nvidia Intel-Aktien für fünf…
The White House denies any involvement with the deal which came after Nvidia’s CEO met US President Donald Trump.
Intel war einst ein Vorreiter der Chip-Industrie. Doch zuletzt verlor der Konzern an Bedeutung. Jetzt bekommt er Hilfe vom heutigen Branchenführer.
The move comes just weeks after the White House engineered a deal for the US to take a 10 per cent stake in Intel.
CNBC's Jim Cramer believes Nvidia's investment and tech partnership with Intel is significant.
"We're going to become a very large customer of Intel CPUs, and we're going to be a large supplier of GPU chiplets into Intel" chips, Huang said.
Nvidia is investing $5 billion in Intel. The news comes after the US government took a roughly 10 percent equity stake in the struggling chipmaker.