Overview

• Nvidia will purchase Intel shares worth $5 billion at $23.28 per share, pending regulatory approval, positioning it as one of Intel’s largest shareholders.
• The companies plan co-developed chips: Intel will build NVIDIA‑custom x86 CPUs for data centers and x86 SoCs that integrate NVIDIA RTX GPU chiplets via NVLink for PCs.
• Executives said the agreement is not a foundry deal, with Nvidia continuing to rely on external fabs such as TSMC and no product launch timeline disclosed.
• Intel’s stock jumped roughly 25% to 33% intraday to its highest level in about a year after the announcement, while Nvidia rose modestly and AMD and TSMC shares slipped.
• Separately, the Financial Times reported that China’s cybersecurity authority told major firms, including Alibaba and ByteDance, to halt tests and purchases of Nvidia’s RTX Pro 6000D, a move Nvidia’s CEO called disappointing.