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Nvidia Partners with Intel to Co-Develop AI Data Center and PC Chips
Nvidia Partners with Intel to Co-Develop AI Data Center and PC Chips
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BTCCSquare news:
Nvidia has announced a strategic partnership with Intel to co-develop PC and AI data chips, sending Intel's stock soaring 28% premarket. The deal grants Nvidia a 4% stake in Intel at $23.28 per share, marking a significant step in Intel's efforts to regain competitiveness in the semiconductor market.
Intel's turnaround strategy under CEO Lip-Bu Tan has drawn both criticism and praise, including from former President Donald Trump, who initially sought Tan's resignation but later commended his leadership. The collaboration is part of a broader series of investments in Intel, including $8.9 billion from the TRUMP administration and $2 billion from Japan's SoftBank.
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