Nvidia It is investing $5 billion on Thursday Intela struggling chipmaker that provides shares to the U.S. government under pressure from the president trump card.
The deal will be combined Nvidia’s According to these companies, AI and accelerate computing capabilities through Intel’s CPU technology and the X86 ecosystem.
Nvidia CEO Jansen Huang Call it “the fusion of two world-class platforms.”
“Together we will expand our ecosystem and lay the foundation for the next era of computing,” he said.
NvidiaThis is a highly valuable technology company based in California that often moves the market with its revenue and other news. Emphasizing its importance, Mr. Huang attended an economic meeting between Mr. Trump and British Prime Minister Keir Starmer to advance technologies such as artificial intelligence.
Trump quipped at the prime minister’s rural residence: “Jensen, you’re taking over the world. I don’t know what you’re doing here.”
Stock futures rise after Thursday Nvidia The deal was announced. Intel shares rose nearly 30%.
Mr. Trump Nvidiaespecially in deciding whether to allow it to sell its less favorable chips to China and Intela huge chip manufacturer needs to rebound.
The company recently agreed to provide a 10% stake to the U.S. government in exchange for funding promised by President Biden in 2022 to strengthen the U.S. semiconductor industry.
Except Intel, sir trump card As part of the merger with Japan’s Japan Steel, arranging a “gold share” for the U.S. Steel government. The Ministry of Defense also owns a stake in MP Materials, a material mine that is rare earth.
The Trump administration also said it would review defense contractors and university patents to see if the U.S. government should gain greater benefits from taxpayer-funded programs.
Intel CEO Lip-Bu Tan visited the White House in August. Trump’s Senate Republican allies raised questions about the CEO’s possible connections to China and its Communist Party.
The two cleared the air at the meeting, and Mr. Tan agreed to the U.S. stake in the company.
Now, Nvidia It is shining on the company and becoming one of Intel’s largest shareholders.
In a statement Thursday, Mr. Tan said Intel has “confidence” Janson and Nvidia The team incorporates their investments into us and looks forward to our work as we innovate and grow our business for our clients. ”
