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Intel Sells 2.148 Billion Shares to NVIDIA in $5 Billion Deal
BlockBeats News, December 29th, the US SEC filing shows that Intel has sold 214.8 million shares of stock to NVIDIA, with a transaction value of $5 billion.
Intel stated that the issuance and sale were carried out under a securities purchase agreement signed on September 15, 2023. (Jinse Finance)
BlockBeats previously reported that on September 18th, NVIDIA announced that it would invest $5 billion in Intel (INTC.O) to support the struggling US chipmaker, but did not grant Intel key chip manufacturing orders. The agreement also includes plans for Intel and NVIDIA to jointly develop personal computer and data center chips, which could pose a potential risk to TSMC (TSM.N).
Currently, TSMC is responsible for producing NVIDIA's flagship processors; as the world's most valuable company, NVIDIA may potentially transfer this portion of its business to Intel in the future. Meanwhile, AMD, which competes with Intel in the data center chip supply field, may also suffer losses due to NVIDIA's support for Intel.
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