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Chipmaker Nvidia to invest $5bn in rival Intel
The two American chipmakers will partner to make personal computer and data centre chips, in a lifeline for Intel as it struggles to profit from the AI boom.
Nvidia, the leading manufacturer of artificial intelligence chips, said it will buy a $5bn (£4bn) stake in Intel - a lifeline for its struggling rival on the heels of a separate investment from the US government. Nvidia is motivated to invest in Intel in order to diversify some production away from other competitors - notably, Taiwan's TSMC, said Gil Luria, head of technology research at D.A. At the time, Commerce Secretary Howard Lutnick called the White House investment a "historic" agreement that "strengthens US leadership in semiconductors, which will both grow our economy and help secure America's technological edge".
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