Nvidia takes $5 billion stake in Intel under September agreement

Nvidia has purchased Intel shares worth $5 billion, the American ⁠semiconductor firm said in a filing on ‍Monday, carrying ‍out ‍a transaction announced in September. The leading AI chip designer said in ‌September ‌it would pay $23.28 ​per share for Intel common stock, in a deal seen as ⁠a major financial lifeline for the chipmaker … Read more