Nvidia has finalized the $5 billion investment in rival chipmaker, according to regulatory filings.
The deal, first announced in September, would see the leading chipmaker pay $23.28 per share for roughly 214.7 million shares, following clearance received from U.S. antitrust agencies.
According to Reuters, the deal is seen as a major financial lifeline for Intel, following what is described as “years of missteps and capital-intensive production capacity expansions (that have) drained its finances.”
As iPhone in Canada pointed out, the investment also represents a strategic expansion for Nvidia into the broader CPU ecosystem. Traditionally, Nvidia is known for its space in the GPU and AI accelerator units. With this deal, Nvidia stands to benefit from the closer ties to Intel’s x86 architecture and manufacturing expertise.
This isn’t the first time in recent memory that the graphics manufacturer has expanded to the PC processing market. Back in 2023, it was reported that Nvidia and AMD began working together on ARM-based PC processors- two years before the deal to acquire Intel.
Source: Reuters via iPhone in Canada
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