"a fusion of two world-class platforms"
"Together, we will expand our ecosystems and lay the foundation for the next era of computing,"
"now in the mode of investing in other companies in the AI ecosystem in order to keep the momentum for the emerging technology,"
"support the US administration as it tried to prop up the only American company able to produce chips in the US,"
Nvidia will buy a roughly $5 billion stake in Intel, representing about 4% and making Nvidia one of Intel's largest shareholders. The two companies will partner to develop personal computer and data‑center chips as AI demand rises. Intel's stock jumped over 25% on the news while Nvidia shares rose about 3%. Intel has struggled to expand chip manufacturing capacity and has fallen behind Nvidia, whose market capitalization has surged past $4 trillion compared with Intel's near $100 billion. Nvidia aims to diversify production away from competitors like TSMC and to support US chipmaking amid government investment.
Read at www.bbc.com
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