Nvidia announced on Thursday it will invest $5 billion in Intel through a strategic chip partnership that signifies one of Silicon Valley’s most strategic power shifts. As per the deal, Nvidia will purchase Intel stock at $23.28 per share, on a 6.5 per cent discount. The two companies will collaborate on PC and data centre processes with Intel embedding Nvidia’s graphics into consumer chips and manufacturing specialised processors for Nvidia’s AI systems. Intel, once the undisputed king of chip-making, has fallen from grace as it is now valued at just under $100 billion. Nvidia, meanwhile, holds a market value of $4 trillion, making it the world’s second-most valuable company.
“This historic collaboration tightly couples Nvidia’s AI stack with Intel’s x86 ecosystem,” said Nvidia CEO Jensen Huang, referring to Intel’s dependence on Nvidia.
The investment follows recent lifelines including US government backing in the form of buying a 10 per cent stake in Intel and SoftBank’s $2 billion injection as the firm struggles to fund its manufacturing ambitions.
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