Nvidia has finalized a $5 billion equity investment in Intel under a private placement agreement announced in September. The deal closed after U.S. antitrust clearance, strengthening a strategic partnership focused on advanced chips for AI, data centers, and personal computing.
Introduction
Nvidia has completed a $5 billion investment in Intel, formalizing a strategic partnership first announced in September. The transaction closed in late December after regulatory approvals, according to public filings and company disclosures.
Transaction structure and pricing
Under the agreement, Nvidia purchased newly issued Intel common stock through a private placement.
Key details include:
- Total investment value: $5 billion
- Share price: $23.28 per share
- Shares issued: approximately 214.8 million
- Closing date: December 26, 2025
Intel disclosed the transaction in a regulatory filing, confirming that the shares were sold in a private offering exempt from public registration requirements.
Regulatory approval and closing
The deal was subject to U.S. antitrust review under the Hart-Scott-Rodino Act.
The U.S. Federal Trade Commission granted early termination of the review process in mid-December, allowing the companies to complete the transaction before year-end.
Strategic rationale behind the investment
The equity stake is tied to a broader commercial partnership announced in September, aimed at deeper collaboration across chip design and computing platforms.
Data center collaboration
- Intel to manufacture custom x86 processors designed for Nvidia platforms
- Integration with Nvidia’s interconnect technologies for AI and accelerated computing workloads
PC and client computing plans
- Joint development of x86 system-on-chips incorporating Nvidia RTX graphics chiplets
- Focus on high-performance PCs and advanced client computing use cases
Market context
The Nvidia $5 billion stake in Intel comes at a time of intensified competition in AI chips and data center infrastructure. The partnership signals closer alignment between two long-time rivals as they respond to growing demand for AI-driven computing and integrated hardware platforms.
Key highlights
- Nvidia completed a $5 billion private placement investment in Intel
- The deal was first announced in September and closed in December
- U.S. antitrust review was cleared through early termination
- The investment supports a multi-year chip development partnership
Conclusion
By combining a significant capital investment with a product-focused partnership, Nvidia and Intel are deepening ties in areas critical to AI and high-performance computing. The transaction provides Intel with additional funding while giving Nvidia a strategic foothold in future x86-based platforms.
