NVIDIA and Intel Corporation today announced a collaboration to jointly develop multi-generation custom products for data centers and PCs that will accelerate applications and workloads in hyperscale, enterprise and consumer markets.
NVIDIA will invest $5 billion in Intel common stock at a price of $23.28 per share. The investment is subject to customary closing conditions, including receipt of required regulatory approvals.
„Artificial intelligence is driving a new industrial revolution and is reimagining every layer of the computing stack – from silicon to systems and software. This historic collaboration deeply integrates NVIDIA’s AI and accelerated computing stack with Intel processors and the broad x86 ecosystem – "The merger of two world-class platforms. Together, we will expand our ecosystems and lay the foundation for the next era of computing," said NVIDIA founder and CEO Jensen Huang.
Intel shares rose 26% in premarket trading after the announcement.
Intel shares, which hit their lowest level in more than a decade earlier this year, recovered after receiving renewed support from the Trump administration, which in August reached an agreement for the U.S. government to invest 10% in the chipmaker.
During a state visit, major U.S. technology companies announced they would invest $42 billion in Britain. Specifically, chipmaker Nvidia will deliver 120,000 of its advanced GBU chips to the UK as part of the Stargate UK AI project, a joint venture with the UK's Nscale and the US's OpenAI.