stake

Nvidia finalizes its roughly 4%, $5 billion stake in Intel

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Intel just cashed Nvidia’s $5 billion check. Intel says it completed the share sale to Nvidia on Dec. 26 after regulatory clearance earlier this month, turning a September announcement into settled cash and issued shares — and making Nvidia’s roughly 4% stake in Intel official. Nvidia bought 214,776,632 shares at $23.28 apiece in a private … Read more

Nvidia takes $5 billion stake in Intel under September agreement

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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