"Nvidia announces a $5 billion (€4.24 billion) investment in Intel. The collaboration is intended to assist Intel with the development of new processor chips and support Nvidia in its relations with the US government. This is a remarkable turnaround for Intel after years of disappointing results. For consumers, this deal means that Intel will receive a customized graphics chip from Nvidia. The company can build this into its PC processors with fast connections. It could give Intel an advantage over AMD."
"The investment goes beyond just money. Intel and Nvidia will jointly develop processor chips for data centers and PCs. Intel will design processors that Nvidia can combine with its AI chips. Nvidia's proprietary technology will enable the chips to communicate with each other faster than was previously possible. For Intel, the investment comes at a crucial moment. The company appointed a new CEO, Lip-Bu Tan, in March after years of disappointing performance."
Nvidia is investing $5 billion (€4.24 billion) in Intel and will acquire roughly 4 percent of Intel after issuance of new shares at $23.28 per share. Nvidia will supply Intel with a customized graphics chip that Intel can integrate into PC processors using fast interconnects, potentially strengthening Intel's position versus AMD. Intel and Nvidia will jointly develop processors for data centers and PCs, with Intel designing CPUs that pair with Nvidia AI chips and Nvidia enabling faster chip-to-chip communication. The move may also reinforce Nvidia's relationship with the US government amid export restrictions and follows Intel's recent leadership change to CEO Lip-Bu Tan.
Read at Techzine Global
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