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 that is seen as a ​major financial lifeline ​for the chipmaker after years ‌of missteps ‍and capital intensive production ‍capacity expansions drained its finances.

The world’s ‌most valuable firm has bought over 214.7 million Intel shares at the price…



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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 that is seen as a ​major financial lifeline ​for the chipmaker after years ‌of missteps ‍and capital intensive production ‍capacity expansions drained its finances.

The world’s ‌most valuable firm has bought over 214.7 million Intel shares at the price…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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