Overview
- Nvidia completed a $5 billion private placement for about 214.8 million Intel shares at $23.28 each, equating to roughly a 4% stake.
- The close followed early-December FTC clearance, with the transaction detailed in SEC filings published December 29.
- The agreement tasks Intel with building custom x86 CPUs for Nvidia’s AI infrastructure and producing SoCs that use Nvidia RTX GPU components, with NVLink connecting the architectures.
- Shares diverged after the filing, with Nvidia down roughly 1–2% and Intel up about 0.5–1% in U.S. trading.
- Nvidia becomes Intel’s third-largest private investor behind BlackRock and Vanguard, and the U.S. government holds a reported 9.9% stake.