In a seismic move shaking up the semiconductor world, Nvidia (NASDAQ:NVDA) announced Thursday it was pouring $5 billion into its longtime rival Intel (NASDAQ:INTC). Nvidia is acquiring a stake in Intel at $23.28 per share while partnering on new PC and data center chips.
This isn’t just a financial lifeline for Intel’s beleaguered foundry business — it’s a bold bet to reshape the AI chip landscape and bolster U.S. semiconductor dominance in a geopolitically fraught world.
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