Nvidia to invest billions in ailing chipmaker Intel in surprise move
Intel has some 5,000 workers based here in Ireland, concentrated primarily in the company’s campus in Leixlip, Kildare. File picture: Colin Keegan, Collins Dublin
Nvidia is to invest $5bn (€4.3bn) in Intel and said the two will co-develop chips for PCs and data centres, a surprise move to help prop up an ailing archrival.
Nvidia will buy Intel common stock at $23.28 per share, the two companies said on Thursday. Intel will use Nvidia’s graphics technology in upcoming PC chips and also provide its processors for data centre products built around Nvidia hardware.
