Today, Nvidia CEO Jensen Huang and Intel CEO Lip-Bu Tan held a joint webcast to explain just why the world’s most valuable company (Nvidia’s at $4.28 trillion) is throwing a $5 billion lifeline to a struggling competitor. Nvidia quickly shut down several possible explanations. Huang claimed it had nothing to do with Trump, who famously […]
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.
Nvidia is throwing Intel a $5 billion life raft, just weeks after similar stakes from the US government and SoftBank. Nvidia is investing $5 billion in Intel common stock in a collaboration that will see the pair “jointly develop multiple generations of custom data center and PC products.” Nvidia says Intel will help build “x86 […]
Intel also announced the creation of a central engineering group that will build custom chips for outside customers.
From leadership changes at legacy semiconductor companies to wishy washy policy around chip exports, a lot has happened already.
The U.S. government’s recent stake in Intel comes after a long period of floundering at the company’s foundry business.
Intel doesn’t need cash. Instead, the struggling semiconductor giant needs to figure out how to drum up interest for its foundry business.
While Intel says the government is making an “$8.9 billion investment in Intel common stock,” the administration does not appear to be committing new funds.
Such federal government ownership of a major corporation would mark a dramatic departure from long-standing U.S. policy.
President Donald Trump has confirmed that the US will take a 10 percent stake in Intel. During a press conference on Friday, Trump said Intel CEO Lip-Bu Tan agreed to give the government the stake, which is valued at around $10 billion. Earlier this month, Trump called on Tan to resign over his ties to […]