As part of the deal, Intel will build NVIDIA chips and be able to incorporate the chiplets to power a wide range of PCs.
PORTLAND, Ore. — NVIDIA said on Thursday that it will buy $5 billion worth of Intel’s common stock, becoming another major shareholder in the company just weeks after the U.S. government took a 10% stake.
The tech giant, which makes artificial intelligence chips, will purchase Intel stock at $23.28 per share, it said in a joint statement. Intel shares jumped 24% to around $31 a share following news of the deal, reported CNBC.
“This historic collaboration tightly couples NVIDIA’s AI and
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