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Nvidia, the world’s leading chipmaker, announced on Thursday that it’s investing US$5 billion in Intel and will collaborate with the struggling semiconductor company.
The two companies will team up to work on custom data centres that form the backbone of artificial intelligence infrastructure as well as personal computer products, Nvidia said in a press release.
Nvidia said it will spend US$5 billion to buy Intel common stock at US$23.28 a share. The investment, which is subject to regulatory approvals, comes a month after the United States government took a 10 per cent stake in Intel.
“This historic collaboration tightly couples Nvidia’s AI and accelerated computing stack with Intel’s CPUs and the vast x86 ecosystem — a fusion of two world-class platforms,” Nvidia CEO Jensen Huang said. “Together, we will expand our ecosystems and lay the foundation for the next era of computing.”
The two companies said they will work on “seamlessly connecting” their architectures.