Get the latest tech news
Intel Weighed $20 Billion Nvidia Takeover in 2005
Intel considered acquiring graphics chip maker Nvidia for up to $20 billion in 2005, a move that could have reshaped the AI industry, according to The New York Times. Then-CEO Paul Otellini pitched the acquisition to Intel's board, recognizing the potential of graphics processors for data center com...
Intel considered acquiring graphics chip maker Nvidia for up to $20 billion in 2005, a move that could have reshaped the AI industry, according to The New York Times. The board rejected the proposal, citing Intel's poor track record with acquisitions and the deal's unprecedented size, the report added. Today, Nvidia dominates the AI chip market with a $3 trillion valuation, while Intel struggles with declining revenue and recent layoffs of 16,000 workers.
Or read this on Slashdot