Overview
- Regulatory filings show Nvidia bought about 214.7–214.8 million Intel shares at $23.28 each via a private placement that closed on December 26 and was disclosed on December 29.
- The purchase gives Nvidia roughly a 4% stake in Intel, with Intel stating the deal grants no special governance or information rights beyond those of a standard shareholder.
- The agreement underpins plans to co‑develop custom data‑center CPUs and PC chips that pair Intel x86 designs with Nvidia RTX GPU chiplets using NVLink interconnect technology.
- Markets reacted modestly, with Intel little changed and Nvidia slightly lower, while the fixed September price leaves Nvidia with an immediate paper gain given Intel’s higher recent trading levels.
- The investment is widely described as a financial boost for Intel after years of heavy factory spending, and comes as reports say Nvidia is in advanced talks to acquire AI21 Labs in a separate move to deepen its AI talent base.