"Nvidia has agreed to buy a $5 billion stake in Intel as part of a broader deal to together develop "multiple generations" of data center and PC products. Nvidia will acquire the Intel stock for $23.28 per share, a slight discount on the companies previous trading price. According to Reuters, the deal would make Nvidia one of Intel's largest shareholders, owning about 4% of the company. Intel shares were up as much as 30% in early trading on Thursday morning."
"The companies will integrate their two architectures using Nvidia's NVLink interface, which enables data and control code transfers between CPUs and GPUs. NVLink enables faster transfers between chips compared with other standards like PCI Express, which is crucial for AI applications, which require many GPUs to run together and process immense workloads. For data centers, Intel will manufacture a new line of x86 CPUs specifically customized for Nvidia's AI infrastructure platforms, to be offered to enterprise and hyperscale customers."
Nvidia will buy a $5 billion stake in Intel for $23.28 per share, becoming about a 4% owner and one of Intel's largest shareholders. The companies will integrate architectures using Nvidia's NVLink to enable faster CPU and GPU data and control transfers crucial for large-scale AI workloads. Intel will produce a new line of x86 CPUs customized for Nvidia's AI infrastructure for enterprise and hyperscale customers. Intel will also build x86 system-on-chips that incorporate Nvidia RTX GPU chiplets, marketed as x86 RTX SoCs for a wide range of PCs. The deal follows Intel's recent management changes, layoffs, and manufacturing reprioritization, while Nvidia continues to post record growth and market valuation.
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