Source: CryptoBriefing
Original Title: Intel completes $5 billion share sale to Nvidia
Original Link: https://cryptobriefing.com/intel-share-sale-nvidia/
Intel Corporation completed a $5 billion share sale to Nvidia, issuing approximately 215 million shares at $23.28 per share in a private placement transaction.
The sale is part of a multi-year collaboration between the two companies to co-develop custom data-center CPUs and new PC chips combining Intel x86 designs with NVIDIA RTX GPU chiplets. Intel and NVIDIA entered into the stock purchase agreement in mid-September.
Under the agreement, Intel will manufacture the processors, while NVIDIA integrates them into AI platforms spanning the hyperscale, enterprise, and consumer markets. The effort aims to tightly link Intel CPUs with NVIDIA’s accelerated computing stack via NVLink.
Intel shares ticked up in premarket trading following news that the stock sale had been completed.
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SighingCashier
· 13h ago
Chip giants are mutually supporting each other; this game is getting quite interesting.
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StealthDeployer
· 12-29 13:50
Oh my god, Intel, are they surrendering or what...
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BrokenDAO
· 12-29 13:50
It's the same old trick of "strategic partnership." Intel selling shares to Nvidia seems like some kind of rights balancing, but in reality, it's just a repeat of the centralized trap—big players holding stakes in each other. How can retail investors compete?
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OnchainHolmes
· 12-29 13:48
Wow, Intel has really hit rock bottom, and Jensen Huang scooped up 500 million...
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CryptoTherapist
· 12-29 13:46
ngl this is giving major "capitulation energy" vibes... like intel literally had to sell their soul at $23.28? that's some serious psychological resistance we're witnessing in real time 📊
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MemeCurator
· 12-29 13:46
Intel is being bought by Nvidia stocks... Is this the beginning of a reverse takeover?
Intel Completes $5 Billion Share Sale to Nvidia
Source: CryptoBriefing Original Title: Intel completes $5 billion share sale to Nvidia Original Link: https://cryptobriefing.com/intel-share-sale-nvidia/ Intel Corporation completed a $5 billion share sale to Nvidia, issuing approximately 215 million shares at $23.28 per share in a private placement transaction.
The sale is part of a multi-year collaboration between the two companies to co-develop custom data-center CPUs and new PC chips combining Intel x86 designs with NVIDIA RTX GPU chiplets. Intel and NVIDIA entered into the stock purchase agreement in mid-September.
Under the agreement, Intel will manufacture the processors, while NVIDIA integrates them into AI platforms spanning the hyperscale, enterprise, and consumer markets. The effort aims to tightly link Intel CPUs with NVIDIA’s accelerated computing stack via NVLink.
Intel shares ticked up in premarket trading following news that the stock sale had been completed.