Nvidia Finalizes $5 Billion Intel Stake Acquisition as Regulators Approve Deal
Nvidia has completed its $5 billion purchase of Intel shares, marking a significant milestone for the semiconductor giant. The transaction, priced at $23.28 per share, involved over 214.7 million shares and follows years of capital-intensive expansions that strained Nvidia's finances.
U.S. antitrust regulators cleared the investment in early December, prompting a 1% surge in Nvidia's stock to $190.53. Intel's shares remained flat. The collaboration includes joint efforts in PC and datacenter solutions, with Intel leveraging Nvidia's NVLink technology for custom CPU designs.
The partnership aims to accelerate application deployment across data centers and client systems, reinforcing both companies' positions in the competitive semiconductor landscape.
