Nvidia, the world’s leading chipmaker, announced on Thursday that it’s investing $5 billion in Intel and will collaborate with the struggling semiconductor company.
Nvidia said it will spend $5 billion to buy Intel common stock at $23.28 a share. The investment, which is subject to regulatory approvals, comes a month after the U.S. government took a 10% stake in Intel.
Send us your news Tell us about your business. CLICK HERE Send us your announcements, press releases, photos and more.
Albuquerque Journal business outlook reporters and editors want your story suggestions. Send your suggestions here to the business desk
Sign up now for free daily email newsletter
Success! An email has been sent to with a link to confirm list signup.
Error! There was an error processing your request.
Business Outlook Newsletter – Subscriber-Only
Exclusive Business Outlook Newsletter, delivered every Monday. Designed for paid subscribers, it provides narrative coverage of local trends, industry news, and key economic updates, going beyond the headlines to keep you informed.
Please enter a valid email address. Sign up Manage your lists We want to hear from you For general questions or concerns, email [email protected]
Read more on Albuquerque Journal
